Short Interest in Polar Power, Inc. (NASDAQ:POLA) Expands By 32.3%

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,100 shares, an increase of 32.3% from the January 31st total of 3,100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Polar Power in a research report on Sunday. They issued a “sell” rating for the company.

Polar Power Price Performance

Shares of POLA stock opened at $2.76 on Thursday. The company has a market capitalization of $6.93 million, a P/E ratio of -1.20 and a beta of 0.95. The company’s 50-day simple moving average is $3.00 and its two-hundred day simple moving average is $3.07. Polar Power has a one year low of $1.78 and a one year high of $4.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. 26.10% of the stock is owned by hedge funds and other institutional investors.

Polar Power Company Profile

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.