Digital Power Co. (NYSEAMERICAN:DPW) saw a significant drop in short interest during the month of December. As of December 29th, there was short interest totalling 1,993,418 shares, a drop of 44.2% from the December 15th total of 3,569,674 shares. Based on an average daily trading volume, of 8,648,659 shares, the short-interest ratio is presently 0.2 days.
Shares of Digital Power (NYSEAMERICAN DPW) opened at $2.73 on Friday. Digital Power has a 12-month low of $0.40 and a 12-month high of $5.95. The company has a market capitalization of $60.07, a price-to-earnings ratio of -4.63 and a beta of 2.14.
In other Digital Power news, Chairman Milton C. Ault III acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were bought at an average cost of $2,700.00 per share, with a total value of $2,700,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 3,700 shares of company stock worth $2,706,301 over the last ninety days.
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About Digital Power
Digital Power Corporation (DPC) is engaged in the design, manufacture and sale of power system solutions for applications in the medical, military, telecom and industrial markets. The Company operates through two segments: North America (sales through DPC) and Europe (sales through Digital Power Limited (DPL)).
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