Ideal Power Inc. (NASDAQ:IPWR) Short Interest Down 12.4% in September

Ideal Power Inc. (NASDAQ:IPWR) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 34,700 shares, a drop of 12.4% from the September 15th total of 39,600 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of Ideal Power

A number of hedge funds have recently made changes to their positions in IPWR. Bailard Inc. raised its position in Ideal Power by 13.8% during the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 3,100 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ideal Power during the 1st quarter valued at about $90,000. Finally, Vanguard Group Inc. increased its position in shares of Ideal Power by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock valued at $2,393,000 after purchasing an additional 5,004 shares during the last quarter. 16.37% of the stock is owned by institutional investors.

Ideal Power Trading Up 0.9 %

Shares of IPWR stock traded up $0.07 during trading hours on Wednesday, reaching $7.54. The stock had a trading volume of 5,003 shares, compared to its average volume of 25,531. The stock’s fifty day simple moving average is $7.93 and its 200 day simple moving average is $7.61. The firm has a market capitalization of $57.94 million, a PE ratio of -4.70 and a beta of 1.07. Ideal Power has a 12 month low of $6.52 and a 12 month high of $13.98.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.31) earnings per share (EPS) for the quarter. Ideal Power had a negative net margin of 7,138.19% and a negative return on equity of 62.80%.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company 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.