Short Interest in ITM Power Plc (OTCMKTS:ITMPF) Drops By 17.2%

ITM Power Plc (OTCMKTS:ITMPF) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 115,600 shares, a drop of 17.2% from the January 15th total of 139,600 shares. Based on an average daily volume of 20,000 shares, the short-interest ratio is currently 5.8 days.

ITM Power Trading Down 0.7 %

ITMPF stock traded down $0.00 during trading on Monday, hitting $0.44. 2,212 shares of the stock traded hands, compared to its average volume of 9,006. ITM Power has a one year low of $0.40 and a one year high of $0.90. The company has a 50 day simple moving average of $0.44 and a 200 day simple moving average of $0.54.

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.