iPower Inc. (NASDAQ:IPW) Short Interest Down 80.9% in May

iPower Inc. (NASDAQ:IPW) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 39,974 shares, a decline of 80.9% from the May 14th total of 209,311 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average daily trading volume, of 152,476 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

IPW has been the topic of a number of recent analyst reports. Wall Street Zen raised iPower from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a research note on Friday, April 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, iPower presently has a consensus rating of “Sell”.

iPower Price Performance

Shares of NASDAQ IPW traded down $0.07 during mid-day trading on Thursday, reaching $3.22. 555,901 shares of the company traded hands, compared to its average volume of 346,712. iPower has a fifty-two week low of $2.83 and a fifty-two week high of $277.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 1.81. The firm has a market cap of $2.13 million, a PE ratio of -0.06 and a beta of 2.85. The stock has a fifty day simple moving average of $6.72 and a 200-day simple moving average of $32.09.

iPower (NASDAQ:IPW) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($1.44) EPS for the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. The company had revenue of $3.50 million for the quarter. During the same quarter in the previous year, the company earned ($5.60) EPS.

About iPower

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.