iPower Inc. (NASDAQ:IPW) Short Interest Up 140.8% in August

iPower Inc. (NASDAQ:IPW) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 46,595 shares, a growth of 140.8% from the August 15th total of 19,354 shares. Currently, 6.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 210,570 shares, the short-interest ratio is presently 0.2 days.

iPower Trading Up 4.1%

Shares of IPW stock traded up $0.07 on Friday, hitting $1.77. 62,966 shares of the stock traded hands, compared to its average volume of 216,288. The firm’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $50.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.81 and a current ratio of 2.20. The stock has a market capitalization of $1.66 million, a PE ratio of -0.00 and a beta of 2.92. iPower has a twelve month low of $1.53 and a twelve month high of $2,494.80.

Insider Transactions at iPower

In other iPower news, major shareholder Financial Lp Hrt acquired 1,993 shares of the business’s stock in a transaction on Monday, July 6th. The stock was bought at an average price of $18.72 per share, for a total transaction of $37,308.96. Following the acquisition, the insider owned 8,898 shares in the company, valued at approximately $166,570.56. The trade was a 28.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 25.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on IPW shares. Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a report on Wednesday, July 15th. Wall Street Zen cut iPower from a “sell” rating to a “strong sell” rating in a report on Sunday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

iPower Company Profile

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.