Polar Power, Inc. (NASDAQ:POLA) Sees Significant Decline in Short Interest
by Scott Moore · The Cerbat GemPolar Power, Inc. (NASDAQ:POLA – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 127,129 shares, a decrease of 71.6% from the March 31st total of 447,867 shares. Approximately 6.9% of the company’s stock are sold short. Based on an average daily volume of 276,904 shares, the short-interest ratio is currently 0.5 days.
Polar Power Stock Up 1.2%
Shares of NASDAQ POLA traded up $0.02 during trading on Friday, reaching $1.72. The company had a trading volume of 109,340 shares, compared to its average volume of 1,953,494. Polar Power has a 12-month low of $1.31 and a 12-month high of $5.75. The stock has a market cap of $6.26 million, a PE ratio of -0.48 and a beta of 1.17. The business’s 50-day moving average is $1.69 and its 200 day moving average is $2.23.
Polar Power (NASDAQ:POLA – Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The utilities provider reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.93). The business had revenue of $0.60 million for the quarter, compared to the consensus estimate of $5.00 million. Polar Power had a negative net margin of 144.88% and a negative return on equity of 211.39%.
Analyst Ratings Changes
Separately, Wall Street Zen cut Polar Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Stock Report on POLA
Polar Power Company Profile
Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.
Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.