Itm Power (OTCMKTS:ITMPF) Short Interest Update

Key Points

• Itm Power experienced a dramatic decline in short interest, falling by 91.9% from 206,900 shares to 16,800 shares in September.
• Analyst ratings for Itm Power have improved, with Berenberg Bank upgrading the stock to a "strong-buy" and the average rating now being "Buy."
• The company's stock is currently trading at $1.01, with a twelve-month low of $0.32 and a high of $1.30.

Itm Power (OTCMKTS:ITMPF - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 16,800 shares, a decline of 91.9% from the August 31st total of 206,900 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 3.0 days.

Analyst Ratings Changes

ITMPF has been the subject of several analyst reports. Berenberg Bank raised shares of Itm Power from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Peel Hunt raised Itm Power to a "hold" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

Itm Power Trading Up 1.0%

ITMPF traded up $0.01 during midday trading on Tuesday, reaching $1.01. The company's stock had a trading volume of 200 shares, compared to its average volume of 9,485. Itm Power has a twelve month low of $0.32 and a twelve month high of $1.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 3.07. The company has a fifty day simple moving average of $0.90 and a 200 day simple moving average of $0.76.

Itm Power Company Profile

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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