Itm Power (OTCMKTS:ITMPF) Short Interest Up 144.5% in June

Itm Power (OTCMKTS:ITMPF) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 86,809 shares, an increase of 144.5% from the June 15th total of 35,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 45,038 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Itm Power Price Performance

OTCMKTS:ITMPF traded down $0.10 during midday trading on Thursday, hitting $1.42. 5,262 shares of the company were exchanged, compared to its average volume of 32,749. Itm Power has a fifty-two week low of $0.76 and a fifty-two week high of $2.85. The company has a fifty day simple moving average of $1.92 and a 200 day simple moving average of $1.34.

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.