Itm Power (OTCMKTS:ITMPF - Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 257,500 shares, agrowthof995.7% from the July 15th total of 23,500 shares. Based on an average trading volume of 28,600 shares, the days-to-cover ratio is presently 9.0 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average trading volume of 28,600 shares, the days-to-cover ratio is presently 9.0 days.
Analysts Set New Price Targets
Separately, Berenberg Bank upgraded Itm Power from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th.
Get Our Latest Report on ITMPF
Itm Power Trading Up 11.2%
Shares of OTCMKTS:ITMPF traded up $0.10 on Thursday, reaching $1.01. The company had a trading volume of 40,633 shares, compared to its average volume of 10,410. Itm Power has a 52-week low of $0.32 and a 52-week high of $1.30. The firm's 50 day simple moving average is $0.99 and its 200-day simple moving average is $0.64.
About Itm Power
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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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