Ideal Power Inc. (NASDAQ:IPWR) Short Interest Down 13.1% in February

Ideal Power Inc. (NASDAQ:IPWR) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 29,800 shares, a decrease of 13.1% from the February 13th total of 34,300 shares. Based on an average daily trading volume, of 35,300 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

Ideal Power Trading Up 1.8 %

Shares of NASDAQ IPWR opened at $4.98 on Friday. Ideal Power has a 12 month low of $4.57 and a 12 month high of $11.40. The firm has a market capitalization of $40.58 million, a PE ratio of -3.56 and a beta of 1.05. The firm has a fifty day simple moving average of $6.29 and a two-hundred day simple moving average of $6.94.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in Ideal Power by 34.4% in the 4th quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 3,443 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ideal Power by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock worth $639,000 after acquiring an additional 9,075 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Ideal Power by 17.8% in the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after acquiring an additional 42,032 shares in the last quarter. Finally, AIGH Capital Management LLC increased its stake in shares of Ideal Power by 17.6% in the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock worth $6,216,000 after acquiring an additional 123,315 shares in the last quarter. 16.37% of the stock is currently owned by 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.