Itm Power (OTCMKTS:ITMPF) Short Interest Up 79.8% in May

Itm Power (OTCMKTS:ITMPF) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 33,736 shares, an increase of 79.8% from the April 30th total of 18,761 shares. Based on an average daily trading volume, of 72,628 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Itm Power Stock Performance

OTCMKTS:ITMPF opened at $2.57 on Tuesday. The business has a 50 day simple moving average of $1.67 and a 200 day simple moving average of $1.16. Itm Power has a 12-month low of $0.76 and a 12-month high of $2.85.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised 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 assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, 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.