Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update

Ideal Power Inc. (NASDAQ:IPWR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 32,800 shares, a growth of 10.1% from the December 15th total of 29,800 shares. Based on an average daily trading volume, of 33,200 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the stock are sold short.

Insider Activity

In related news, CEO Daniel Brdar purchased 4,500 shares of Ideal Power stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of $5.91 per share, for a total transaction of $26,595.00. Following the transaction, the chief executive officer now directly owns 179,526 shares in the company, valued at approximately $1,060,998.66. This trade represents a 2.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.02% of the company’s stock.

Institutional Trading of Ideal Power

An institutional investor recently raised its position in Ideal Power stock. Geode Capital Management LLC raised its holdings in shares of Ideal Power Inc. (NASDAQ:IPWR) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,877 shares of the industrial products company’s stock after buying an additional 9,075 shares during the quarter. Geode Capital Management LLC owned about 1.01% of Ideal Power worth $639,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.37% of the company’s stock.

Ideal Power Trading Down 4.0 %

NASDAQ:IPWR opened at $7.51 on Monday. The stock has a 50 day moving average of $6.96 and a two-hundred day moving average of $7.43. Ideal Power has a 12 month low of $5.61 and a 12 month high of $13.98. The firm has a market cap of $61.21 million, a P/E ratio of -5.36 and a beta of 1.03.

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.