Polar Power Inc (NASDAQ:POLA) Short Interest Update

Polar Power Inc (NASDAQ:POLA) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 153,700 shares, a growth of 35.2% from the August 31st total of 113,700 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily volume of 5,170,000 shares, the short-interest ratio is currently 0.0 days.

NASDAQ:POLA traded down $0.03 on Thursday, reaching $3.13. 567,472 shares of the company’s stock traded hands, compared to its average volume of 1,901,722. The stock has a 50-day simple moving average of $1.95 and a 200-day simple moving average of $1.85. Polar Power has a 12 month low of $0.95 and a 12 month high of $6.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.11 and a quick ratio of 1.43.

Polar Power (NASDAQ:POLA) last issued its earnings results on Friday, August 14th. The utilities provider reported ($0.23) earnings per share (EPS) for the quarter. Polar Power had a negative net margin of 60.85% and a negative return on equity of 37.94%. The business had revenue of $1.13 million for the quarter.

A hedge fund recently bought a new stake in Polar Power stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Polar Power Inc (NASDAQ:POLA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,500 shares of the utilities provider’s stock, valued at approximately $280,000. Schonfeld Strategic Advisors LLC owned about 0.50% of Polar Power as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.16% of the company’s stock.

Separately, ValuEngine cut Polar Power from a “buy” rating to a “hold” rating in a research report on Friday, September 25th.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.

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