ITM Power Plc (OTCMKTS:ITMPF) Short Interest Update

ITM Power Plc (OTCMKTS:ITMPF) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 115,600 shares, a drop of 17.2% from the January 15th total of 139,600 shares. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is currently 5.8 days.

ITM Power Stock Performance

ITMPF traded down $0.00 during trading on Monday, reaching $0.44. 2,212 shares of the company were exchanged, compared to its average volume of 9,006. ITM Power has a 12-month low of $0.40 and a 12-month high of $0.90. The company’s 50-day moving average is $0.44 and its two-hundred day moving average is $0.54.

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.