iPower Inc. (NASDAQ:IPW) Short Interest Up 241.1% in June

iPower Inc. (NASDAQ:IPW) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 136,341 shares, an increase of 241.1% from the May 31st total of 39,974 shares. Approximately 27.9% of the shares of the stock are short sold. Based on an average daily volume of 604,387 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a research note on Friday, April 17th. Wall Street Zen raised shares of iPower from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

iPower Stock Performance

Shares of IPW stock opened at $2.10 on Friday. The firm has a market capitalization of $1.39 million, a price-to-earnings ratio of -0.04 and a beta of 2.85. The stock has a fifty day moving average of $5.09 and a 200 day moving average of $26.14. iPower has a 52 week low of $2.05 and a 52 week high of $277.20. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

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