Polar Power, Inc. (NASDAQ:POLA) Short Interest Update

Polar Power, Inc. (NASDAQ:POLA) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 81,800 shares, an increase of 752.1% from the February 28th total of 9,600 shares. Currently, 4.8% of the shares of the company are short sold. Based on an average daily trading volume, of 168,900 shares, the days-to-cover ratio is currently 0.5 days.

Polar Power Stock Up 0.7 %

POLA stock traded up $0.02 during midday trading on Wednesday, hitting $2.60. The company’s stock had a trading volume of 13,267 shares, compared to its average volume of 59,523. Polar Power has a 12 month low of $1.78 and a 12 month high of $4.90. The company has a 50 day moving average of $2.87 and a two-hundred day moving average of $3.05. The firm has a market capitalization of $6.52 million, a price-to-earnings ratio of -1.13 and a beta of 0.89.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Polar Power in a research note on Wednesday. They set a “sell” rating for the company.

Polar Power Company Profile

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.