Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update

Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 31,000 shares, a growth of 16.1% from the January 15th total of 26,700 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 34,900 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Ideal Power

A number of hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of Ideal Power by 34.4% during the fourth quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 3,443 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ideal Power by 13.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company's stock valued at $639,000 after purchasing an additional 9,075 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Ideal Power by 17.8% during the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company's stock valued at $2,101,000 after acquiring an additional 42,032 shares during the period. Finally, AIGH Capital Management LLC boosted its holdings in Ideal Power by 17.6% in the fourth quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company's stock worth $6,216,000 after purchasing an additional 123,315 shares during the last quarter. Hedge funds and other institutional investors own 16.37% of the company's stock.

Ideal Power Stock Performance

Ideal Power stock traded down $0.22 during midday trading on Wednesday, reaching $6.16. 38,503 shares of the stock were exchanged, compared to its average volume of 25,818. The firm has a market cap of $50.20 million, a PE ratio of -4.40 and a beta of 1.01. Ideal Power has a 52 week low of $5.61 and a 52 week high of $13.98. The company's fifty day moving average is $7.18 and its 200-day moving average is $7.36.

Ideal Power Company Profile

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.