Polar Power, Inc. (NASDAQ:POLA) Sees Significant Increase in Short Interest

Polar Power, Inc. (NASDAQ:POLA) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 9,600 shares, an increase of 134.1% from the February 13th total of 4,100 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 168,800 shares, the short-interest ratio is presently 0.1 days.

Polar Power Stock Up 2.3 %

Shares of NASDAQ POLA traded up $0.06 during trading hours on Friday, hitting $2.69. The company had a trading volume of 31,866 shares, compared to its average volume of 59,921. The stock has a market capitalization of $6.75 million, a P/E ratio of -1.16 and a beta of 0.89. Polar Power has a 1-year low of $1.78 and a 1-year high of $4.90. The firm’s 50 day moving average is $2.95 and its 200-day moving average is $3.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. boosted its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & 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 approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Institutional investors own 26.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Polar Power in a research report on Monday, March 10th. They set a “sell” rating on the stock.

About Polar Power

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.