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

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 81,800 shares, an increase of 752.1% from the February 28th total of 9,600 shares. Based on an average daily trading volume, of 168,900 shares, the short-interest ratio is currently 0.5 days. Currently, 4.8% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Polar Power in a research note on Wednesday. They issued a “sell” rating for the company.

Polar Power Trading Down 1.2 %

Shares of POLA traded down $0.03 during mid-day trading on Friday, hitting $2.56. The company’s stock had a trading volume of 1,531 shares, compared to its average volume of 59,178. The firm has a market capitalization of $6.43 million, a price-to-earnings ratio of -1.11 and a beta of 0.89. The company’s 50-day moving average is $2.84 and its 200-day moving average is $3.05. Polar Power has a 52-week low of $1.78 and a 52-week high of $4.90.

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.