Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 21.4% in November

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 49,400 shares, a growth of 21.4% from the November 15th total of 40,700 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily trading volume, of 38,700 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Polar Power

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

Polar Power Price Performance

NASDAQ POLA traded up $0.05 during trading hours on Monday, hitting $2.65. The company had a trading volume of 17,505 shares, compared to its average volume of 19,813. The firm’s 50 day moving average is $3.17 and its 200 day moving average is $3.09. The company has a market capitalization of $6.65 million, a price-to-earnings ratio of -1.15 and a beta of 0.95. Polar Power has a fifty-two week low of $2.24 and a fifty-two week high of $4.90.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Polar Power in a research report on Thursday. They issued a “sell” rating for the company.

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.