Itm Power (OTCMKTS:ITMPF) Short Interest Down 68.6% in July
by Mitch Edgeman · The Markets DailyItm Power (OTCMKTS:ITMPF – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 21,686 shares, a decrease of 68.6% from the July 15th total of 69,134 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 17,548 shares, the days-to-cover ratio is currently 1.2 days.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley raised shares of Itm Power from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
View Our Latest Report on ITMPF
Itm Power Price Performance
Shares of OTCMKTS ITMPF traded up $0.02 on Friday, hitting $1.49. The company had a trading volume of 10,859 shares, compared to its average volume of 29,784. Itm Power has a 12-month low of $0.80 and a 12-month high of $2.85. The business has a 50 day moving average of $1.54 and a two-hundred day moving average of $1.42.
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.