Short Interest in Ideal Power Inc. (NASDAQ:IPWR) Drops By 6.3%

Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 75,500 shares, a decrease of 6.3% from the March 15th total of 80,600 shares. Based on an average daily volume of 37,500 shares, the short-interest ratio is presently 2.0 days. Currently, 1.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their price objective on Ideal Power from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Wednesday, March 27th.

Institutional Investors Weigh In On Ideal Power

Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of Ideal Power in the fourth quarter valued at about $94,000. State Street Corp raised its holdings in shares of Ideal Power by 7.9% during the first quarter. State Street Corp now owns 18,047 shares of the industrial products company's stock worth $159,000 after purchasing an additional 1,319 shares during the period. Northern Trust Corp increased its holdings in shares of Ideal Power by 113.5% in the 4th quarter. Northern Trust Corp now owns 21,430 shares of the industrial products company's stock worth $167,000 after acquiring an additional 11,392 shares during the period. Bailard Inc. increased its stake in Ideal Power by 16.5% during the 3rd quarter. Bailard Inc. now owns 22,515 shares of the industrial products company's stock valued at $218,000 after buying an additional 3,181 shares during the period. Finally, UBS Group AG grew its stake in shares of Ideal Power by 3.9% in the 4th quarter. UBS Group AG now owns 52,006 shares of the industrial products company's stock worth $404,000 after purchasing an additional 1,937 shares during the last quarter. 16.37% of the stock is currently owned by institutional investors and hedge funds.

Ideal Power Trading Up 3.4 %

IPWR stock traded up $0.26 during midday trading on Tuesday, hitting $7.96. The company's stock had a trading volume of 38,623 shares, compared to its average volume of 36,656. The firm's 50-day moving average is $9.44 and its 200-day moving average is $8.68. The company has a market cap of $58.67 million, a PE ratio of -4.94 and a beta of 1.01. Ideal Power has a 12 month low of $6.61 and a 12 month high of $13.98.

Ideal Power (NASDAQ:IPWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The industrial products company reported ($0.39) earnings per share for the quarter. The company had revenue of $0.06 million for the quarter. Ideal Power had a negative net margin of 4,977.50% and a negative return on equity of 75.69%.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. The company offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. It 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.