Short Interest in Itm Power (OTCMKTS:ITMPF) Declines By 73.0%
by Renee Jackson · The Cerbat GemItm Power (OTCMKTS:ITMPF – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 9,095 shares, a drop of 73.0% from the May 14th total of 33,736 shares. Based on an average trading volume of 61,223 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, Morgan Stanley upgraded Itm Power from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Itm Power currently has a consensus rating of “Buy”.
Get Our Latest Stock Report on Itm Power
Itm Power Stock Up 0.7%
OTCMKTS ITMPF traded up $0.01 during trading on Thursday, reaching $1.56. 53,406 shares of the stock traded hands, compared to its average volume of 35,466. Itm Power has a fifty-two week low of $0.76 and a fifty-two week high of $2.85. The stock’s 50-day moving average price is $1.84 and its 200 day moving average price is $1.21.
About Itm Power
Itm Power plc is a United Kingdom–based manufacturer of integrated hydrogen energy solutions, specializing in proton exchange membrane (PEM) electrolyzer systems. The company’s core offering includes modular electrolyzer stacks and balance-of-plant solutions designed to convert renewable electricity into green hydrogen. These systems can be scaled from small-scale demonstrations to multi-megawatt deployments, targeting applications in industry, gas blending and refueling infrastructure.
Beyond electrolyzer modules, Itm Power develops turnkey turnkey “power-to-gas” and “power-to-liquids” projects that enable carbon-free fuel production.