ITM Power Plc (OTCMKTS:ITMPF) Short Interest Down 64.0% in May

ITM Power Plc (OTCMKTS:ITMPF - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 147,600 shares, a drop of 64.0% from the April 30th total of 410,500 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 13,200 shares, the short-interest ratio is presently 11.2 days.

ITM Power Trading Up 13.5%

Shares of ITMPF stock traded up $0.09 during mid-day trading on Friday, hitting $0.77. 4,250 shares of the stock traded hands, compared to its average volume of 9,289. The stock's fifty day moving average is $0.46 and its two-hundred day moving average is $0.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.93 and a current ratio of 3.87. ITM Power has a 52-week low of $0.32 and a 52-week high of $0.90.

About ITM Power

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.