Itm Power (OTCMKTS:ITMPF - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 257,500 shares, anincreaseof995.7% from the July 15th total of 23,500 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 9.0 days. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 9.0 days. Approximately0.0% of the shares of the stock are short sold.
Itm Power Stock Down 7.9%
OTCMKTS ITMPF traded down $0.0799 during trading on Tuesday, hitting $0.9301. The stock had a trading volume of 1,193 shares, compared to its average volume of 8,978. Itm Power has a one year low of $0.3201 and a one year high of $1.30. The stock has a 50 day simple moving average of $0.99 and a 200 day simple moving average of $0.65.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank upgraded Itm Power from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of "Strong Buy".
Read Our Latest Stock Report on Itm Power
Itm Power Company Profile
(
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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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