Polar Power, Inc. (NASDAQ:POLA) Sees Large Growth in Short Interest

Polar Power, Inc. (NASDAQ:POLA) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 4,100 shares, a growth of 32.3% from the January 31st total of 3,100 shares. Based on an average trading volume of 36,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.10% of the company’s stock.

Polar Power Price Performance

Shares of NASDAQ:POLA traded up $0.45 during trading on Tuesday, hitting $2.46. 6,896,738 shares of the company were exchanged, compared to its average volume of 56,055. The stock has a market capitalization of $6.17 million, a P/E ratio of -1.07 and a beta of 0.95. Polar Power has a 12-month low of $1.80 and a 12-month high of $4.90. The firm’s 50 day moving average price is $3.00 and its 200-day moving average price is $3.07.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Polar Power in a research report on Sunday. They set a “sell” rating for the company.

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.