Ideal Power Inc. (NASDAQ:IPWR) Short Interest Up 10.1% in December

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

Ideal Power Price Performance

Shares of NASDAQ IPWR traded down $0.31 during midday trading on Friday, reaching $7.51. 30,134 shares of the company’s stock traded hands, compared to its average volume of 39,094. Ideal Power has a one year low of $5.61 and a one year high of $13.98. The stock’s 50 day simple moving average is $6.96 and its 200-day simple moving average is $7.43.

Insider Activity

In other Ideal Power news, CEO Daniel Brdar acquired 4,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of $5.91 per share, for a total transaction of $26,595.00. Following the completion of the purchase, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.02% of the company’s stock.

Institutional Investors Weigh In On Ideal Power

A hedge fund recently raised its stake in Ideal Power stock. Geode Capital Management LLC increased its holdings in shares of Ideal Power Inc. (NASDAQ:IPWR) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,877 shares of the industrial products company’s stock after purchasing an additional 9,075 shares during the period. Geode Capital Management LLC owned approximately 1.01% of Ideal Power worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 16.37% of the company’s stock.

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.