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

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

Institutional Investors Weigh In On Ideal Power

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

Ideal Power Stock Up 2.6 %

IPWR stock traded up $0.12 during mid-day trading on Wednesday, reaching $4.80. The company had a trading volume of 1,434 shares, compared to its average volume of 27,164. The stock has a market capitalization of $39.11 million, a P/E ratio of -3.43 and a beta of 1.05. Ideal Power has a one year low of $4.57 and a one year high of $11.64. The stock’s 50-day simple moving average is $6.40 and its two-hundred day simple moving average is $6.97.

About Ideal Power

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.