Ideal Power Inc. (NASDAQ:IPWR – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 34,700 shares, a decline of 12.4% from the September 15th total of 39,600 shares. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.5% of the shares of the company are short sold.
Ideal Power Stock Up 1.6 %
Ideal Power stock traded up $0.12 during trading hours on Wednesday, hitting $7.59. The stock had a trading volume of 12,539 shares, compared to its average volume of 25,569. The company has a market cap of $58.32 million, a PE ratio of -4.75 and a beta of 1.07. Ideal Power has a fifty-two week low of $6.52 and a fifty-two week high of $13.98. The company has a 50-day moving average of $7.93 and a two-hundred day moving average of $7.61.
Ideal Power (NASDAQ:IPWR – Get Free Report) last announced 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%.
Institutional Investors Weigh In On Ideal Power
Ideal Power Company Profile
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.
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