ITM Power Plc (OTCMKTS:ITMPF) Sees Large Growth in Short Interest

ITM Power Plc (OTCMKTS:ITMPF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 352,800 shares, a growth of 57.8% from the February 28th total of 223,600 shares. Based on an average trading volume of 20,400 shares, the short-interest ratio is currently 17.3 days. Currently, 0.1% of the company’s shares are sold short.

ITM Power Trading Down 5.0 %

ITM Power stock traded down $0.02 during mid-day trading on Friday, hitting $0.35. 10,200 shares of the stock were exchanged, compared to its average volume of 8,773. ITM Power has a 12 month low of $0.32 and a 12 month high of $0.90. The company has a quick ratio of 2.93, a current ratio of 3.87 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $0.40 and its two-hundred day simple moving average is $0.47.

About ITM Power

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.