Ideal Power Inc. (NASDAQ:IPWR) Short Interest Down 81.4% in February

Ideal Power Inc. (NASDAQ:IPWR) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 21,450 shares, a drop of 81.4% from the January 29th total of 115,586 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 105,156 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 105,156 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

Insider Transactions at Ideal Power

In other Ideal Power news, CEO David M. Somo acquired 90,909 shares of Ideal Power stock in a transaction dated Wednesday, February 25th. The stock was bought at an average cost of $2.75 per share, for a total transaction of $249,999.75. Following the purchase, the chief executive officer directly owned 338,347 shares in the company, valued at approximately $930,454.25. This represents a 36.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.36% of the company’s stock.

Institutional Trading of Ideal Power

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AMH Equity Ltd acquired a new position in shares of Ideal Power during the 3rd quarter worth approximately $785,000. AWM Investment Company Inc. grew its position in Ideal Power by 21.7% during the fourth quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 140,349 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Ideal Power during the third quarter worth approximately $160,000. Susquehanna International Group LLP acquired a new position in Ideal Power in the 3rd quarter valued at $132,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Ideal Power during the 4th quarter valued at $57,000. Institutional investors and hedge funds own 16.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IPWR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Ideal Power in a report on Monday, December 29th. Westpark Capital raised shares of Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price objective for the company in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.75.

Ideal Power Stock Up 12.7%

Shares of NASDAQ:IPWR opened at $3.64 on Thursday. The stock has a market cap of $31.23 million, a PE ratio of -2.95 and a beta of 0.97. Ideal Power has a 12-month low of $2.62 and a 12-month high of $6.90. The business has a 50 day moving average of $3.60 and a 200-day moving average of $4.39.

Ideal Power Company Profile

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.