Polar Power, Inc. (NASDAQ:POLA) Short Interest Update

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 88,409 shares, a decline of 39.6% from the January 29th total of 146,293 shares. Currently, 4.8% of the company’s stock are sold short. Based on an average trading volume of 104,884 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 104,884 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.8% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Polar Power presently has an average rating of “Sell”.

Polar Power Stock Down 3.2%

NASDAQ POLA traded down $0.05 during trading hours on Monday, reaching $1.51. 68,122 shares of the company were exchanged, compared to its average volume of 87,375. The stock has a market capitalization of $4.02 million, a P/E ratio of -0.67 and a beta of 1.39. Polar Power has a 1 year low of $1.31 and a 1 year high of $5.75. The business’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $2.50.

Polar Power Company Profile

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.