Short Interest in Itm Power (OTCMKTS:ITMPF) Drops By 40.3%

Itm Power (OTCMKTS:ITMPF) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 18,761 shares, a decline of 40.3% from the April 15th total of 31,409 shares. Based on an average daily volume of 98,855 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Itm Power Stock Performance

ITMPF stock traded down $0.01 during mid-day trading on Friday, hitting $2.19. The company had a trading volume of 62,405 shares, compared to its average volume of 45,225. Itm Power has a 12 month low of $0.58 and a 12 month high of $2.44. The stock’s fifty day moving average price is $1.34 and its two-hundred day moving average price is $1.06.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded shares of Itm Power from an “equal weight” rating to an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Itm Power Company Profile

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.