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Itm Power (OTCMKTS:ITMPF) Short Interest Up 73.2% in September

Itm Power logo with Energy background

Key Points

  • Itm Power reported a significant increase in short interest of 73.2% in September, rising to 29,100 shares by the end of the month.
  • Analyst ratings reflect growing confidence, with Berenberg Bank upgrading Itm Power to a "strong-buy" rating, contributing to an overall average rating of "Buy".
  • Shares of Itm Power opened at $1.02, showing a current trend of trading down 1.9% from previous sessions.
  • MarketBeat previews top five stocks to own in November.

Itm Power (OTCMKTS:ITMPF - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 29,100 shares, a growth of 73.2% from the September 15th total of 16,800 shares. Based on an average trading volume of 16,500 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 16,500 shares, the short-interest ratio is currently 1.8 days.

Analyst Ratings Changes

Several analysts have commented on the company. Berenberg Bank upgraded Itm Power from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Peel Hunt raised shares of Itm Power to a "hold" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Itm Power currently has an average rating of "Buy".

View Our Latest Stock Analysis on ITMPF

Itm Power Trading Down 1.9%

Shares of ITMPF opened at $1.02 on Tuesday. Itm Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.30. The company has a 50 day moving average price of $0.97 and a 200-day moving average price of $0.84. The company has a quick ratio of 2.46, a current ratio of 3.07 and a debt-to-equity ratio of 0.05.

Itm Power Company Profile

(Get Free Report)

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.

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