Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 29,800 shares, a decrease of 5.7% from the November 30th total of 31,600 shares. Currently, 0.4% of the company's shares are sold short. Based on an average trading volume of 29,500 shares, the days-to-cover ratio is currently 1.0 days.
Ideal Power Stock Performance
IPWR traded up $0.02 during trading on Wednesday, hitting $7.55. 46,246 shares of the stock were exchanged, compared to its average volume of 27,497. Ideal Power has a 1 year low of $5.61 and a 1 year high of $13.98. The firm has a market cap of $61.52 million, a price-to-earnings ratio of -5.39 and a beta of 1.06. The firm has a 50 day simple moving average of $6.84 and a 200 day simple moving average of $7.36.
Insider Buying and Selling at Ideal Power
In related news, CEO Daniel Brdar purchased 4,500 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $5.91 per share, with a total value of $26,595.00. Following the completion of the purchase, the chief executive officer now owns 179,526 shares of the company's stock, valued at approximately $1,060,998.66. The trade was a 2.57 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 5.02% of the stock is currently owned by corporate insiders.
Institutional Trading of Ideal Power
An institutional investor recently raised its position in Ideal Power stock. Geode Capital Management LLC boosted its stake in shares of Ideal Power Inc. (NASDAQ:IPWR - Free Report) by 13.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,877 shares of the industrial products company's stock after buying an additional 9,075 shares during the period. Geode Capital Management LLC owned 1.01% of Ideal Power worth $639,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 16.37% of the company's stock.
Ideal Power Company Profile
(
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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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