Polar Power, Inc. (NASDAQ:POLA) Short Interest Update

Polar Power, Inc. (NASDAQ:POLA) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 40,700 shares, a drop of 82.7% from the October 31st total of 235,200 shares. Based on an average trading volume of 36,800 shares, the short-interest ratio is currently 1.1 days. Approximately 2.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission. 26.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Polar Power in a report on Tuesday. They set a “sell” rating on the stock.

Polar Power Price Performance

Shares of POLA traded down $0.08 during mid-day trading on Wednesday, hitting $2.87. The company’s stock had a trading volume of 35,519 shares, compared to its average volume of 19,792. Polar Power has a fifty-two week low of $2.24 and a fifty-two week high of $5.95. The stock has a market capitalization of $7.20 million, a price-to-earnings ratio of -1.36 and a beta of 0.94. The firm has a 50-day moving average price of $3.28 and a 200 day moving average price of $3.13.

Polar Power Company Profile

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.