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

Ideal Power Inc. (NASDAQ:IPWR) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 29,800 shares, a decline of 13.1% from the February 13th total of 34,300 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 35,300 shares, the short-interest ratio is currently 0.8 days.

Ideal Power Trading Up 2.6 %

Shares of Ideal Power stock traded up $0.13 during trading hours on Thursday, reaching $5.03. 2,218 shares of the company’s stock were exchanged, compared to its average volume of 27,110. Ideal Power has a 52-week low of $4.57 and a 52-week high of $11.40. The company has a fifty day moving average of $6.34 and a 200-day moving average of $6.96. The firm has a market capitalization of $40.94 million, a price-to-earnings ratio of -3.59 and a beta of 1.05.

Institutional Trading of Ideal Power

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

About Ideal Power

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.