Short Interest in Ideal Power Inc. (NASDAQ:IPWR) Declines By 5.7%

Ideal Power Inc. (NASDAQ:IPWR) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 29,800 shares, a decrease of 5.7% from the November 30th total of 31,600 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 29,500 shares, the short-interest ratio is currently 1.0 days.

Ideal Power Price Performance

IPWR opened at $7.55 on Thursday. The firm has a market capitalization of $61.52 million, a PE ratio of -5.39 and a beta of 1.06. The business’s 50-day moving average is $6.84 and its two-hundred day moving average is $7.36. Ideal Power has a 1 year low of $5.61 and a 1 year high of $13.98.

Insiders Place Their Bets

In related news, CEO Daniel Brdar bought 4,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of $5.91 per share, with a total value of $26,595.00. Following the transaction, the chief executive officer now owns 179,526 shares of the company’s stock, valued at $1,060,998.66. The trade was a 2.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ideal Power stock. Geode Capital Management LLC raised its position in Ideal Power Inc. (NASDAQ:IPWR) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,877 shares of the industrial products company’s stock after acquiring an additional 9,075 shares during the period. Geode Capital Management LLC owned approximately 1.01% of Ideal Power worth $639,000 as of its most recent filing with the Securities & Exchange Commission. 16.37% of the stock is currently owned by hedge funds and other institutional investors.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.