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ITM Power Plc (OTCMKTS:ITMPF) Sees Significant Increase in Short Interest

ITM Power logo with Energy background

ITM Power Plc (OTCMKTS:ITMPF - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 411,900 shares, a growth of 22.3% from the March 31st total of 336,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 43,200 shares, the days-to-cover ratio is presently 9.5 days.

ITM Power Trading Up 8.4 %

Shares of ITM Power stock traded up $0.03 during trading on Thursday, reaching $0.45. The company's stock had a trading volume of 10,260 shares, compared to its average volume of 9,854. The company has a 50-day moving average price of $0.38 and a two-hundred day moving average price of $0.43. ITM Power has a fifty-two week low of $0.32 and a fifty-two week high of $0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.93 and a current ratio of 3.87.

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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