Short Interest in Ideal Power Inc. (NASDAQ:IPWR) Increases By 10.0%

Ideal Power Inc. (NASDAQ:IPWRGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 80,600 shares, a growth of 10.0% from the February 29th total of 73,300 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 36,200 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Ideal Power

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in Ideal Power in the 4th quarter worth approximately $94,000. State Street Corp boosted its holdings in shares of Ideal Power by 7.9% in the 1st quarter. State Street Corp now owns 18,047 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 1,319 shares during the period. Northern Trust Corp boosted its holdings in shares of Ideal Power by 113.5% in the 4th quarter. Northern Trust Corp now owns 21,430 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 11,392 shares during the period. Bailard Inc. boosted its holdings in shares of Ideal Power by 16.5% in the 3rd quarter. Bailard Inc. now owns 22,515 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 3,181 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Ideal Power by 3.9% in the 4th quarter. UBS Group AG now owns 52,006 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 1,937 shares during the period. Institutional investors own 16.37% of the company’s stock.

Ideal Power Price Performance

Shares of IPWR opened at $8.51 on Tuesday. The business’s 50 day moving average is $9.28 and its 200 day moving average is $8.84. Ideal Power has a 12-month low of $6.61 and a 12-month high of $13.98.

Ideal Power (NASDAQ:IPWRGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter. Ideal Power had a negative return on equity of 70.19% and a negative net margin of 4,977.50%. The firm had revenue of $0.06 million during the quarter.

Analysts Set New Price Targets

Separately, Benchmark dropped their target price on Ideal Power from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th.

Read Our Latest Report on Ideal Power

About Ideal Power

(Get Free Report)

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. The company offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. It serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.

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