Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 32,800 shares, a growth of 10.1% from the December 15th total of 29,800 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily trading volume, of 33,200 shares, the short-interest ratio is presently 1.0 days.
Insider Activity at Ideal Power
In related news, CEO Daniel Brdar bought 4,500 shares of Ideal Power stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $5.91 per share, for a total transaction of $26,595.00. Following the completion of the acquisition, the chief executive officer now owns 179,526 shares in the company, valued at approximately $1,060,998.66. This represents a 2.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.02% of the stock is currently owned by company insiders.
Institutional Trading of Ideal Power
An institutional investor recently raised its position in Ideal Power stock. Geode Capital Management LLC raised its stake in Ideal Power Inc. (NASDAQ:IPWR - Free Report) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,877 shares of the industrial products company's stock after buying an additional 9,075 shares during the quarter. Geode Capital Management LLC owned about 1.01% of Ideal Power worth $639,000 at the end of the most recent reporting period. Institutional investors own 16.37% of the company's stock.
Ideal Power Trading Down 4.0 %
Shares of NASDAQ:IPWR traded down $0.31 during mid-day trading on Monday, reaching $7.51. The stock had a trading volume of 30,134 shares, compared to its average volume of 39,094. The firm has a market cap of $61.21 million, a PE ratio of -5.36 and a beta of 1.03. The firm has a 50 day simple moving average of $6.95 and a two-hundred day simple moving average of $7.44. Ideal Power has a twelve month low of $5.61 and a twelve month high of $13.98.
About Ideal Power
(
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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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