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

Polar Power, Inc. (NASDAQ:POLA) was the recipient 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. Based on an average daily volume of 168,900 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.8% of the company’s shares are sold short.

Polar Power Trading Up 0.7 %

Shares of NASDAQ POLA traded up $0.02 during trading hours on Wednesday, reaching $2.60. The stock had a trading volume of 13,267 shares, compared to its average volume of 59,523. The business’s fifty day moving average price is $2.87 and its two-hundred day moving average price is $3.05. The firm has a market cap of $6.52 million, a price-to-earnings ratio of -1.13 and a beta of 0.89. Polar Power has a 52-week low of $1.78 and a 52-week high of $4.90.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of 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.