Itm Power (OTCMKTS:ITMPF) Stock Short Interest Climbs 5,137.4%

Itm Power (OTCMKTS:ITMPF) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 403,964 shares, an increase of 5,137.4% from the October 15th total of 7,713 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 11,939 shares, the days-to-cover ratio is currently 33.8 days.

Itm Power Stock Up 0.2%

ITMPF traded up $0.00 during trading on Tuesday, reaching $0.99. 4,650 shares of the stock were exchanged, compared to its average volume of 6,550. Itm Power has a 1 year low of $0.80 and a 1 year high of $2.85. The business’s 50 day moving average price is $1.23 and its two-hundred day moving average price is $1.37.

Analyst Upgrades and Downgrades

ITMPF has been the subject of several recent research reports. Peel Hunt upgraded shares of Itm Power to a “hold” rating in a research note on Thursday, October 8th. Zacks Research upgraded Itm Power to a “hold” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Itm Power

ITM Power is a U.K.-based clean-energy company that designs and manufactures proton exchange membrane (PEM) electrolyser systems. Its equipment uses electricity to produce hydrogen from water, with the aim of supplying hydrogen made using renewable power. The company’s products and integrated systems are intended for uses including industrial hydrogen supply, transport and energy storage. ITM Power also develops and delivers hydrogen projects with customers and partners, particularly in the United Kingdom and other international markets.