Short Interest in Itm Power (OTCMKTS:ITMPF) Increases By 290.3%

Itm Power (OTCMKTS:ITMPF) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 35,500 shares, a growth of 290.3% from the May 31st total of 9,095 shares. Based on an average daily volume of 70,343 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Itm Power from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Itm Power Stock Down 1.4%

Shares of OTCMKTS ITMPF traded down $0.02 during midday trading on Monday, reaching $1.46. 10,500 shares of the stock were exchanged, compared to its average volume of 34,095. The company has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $1.27. Itm Power has a twelve month low of $0.76 and a twelve month high of $2.85.

Itm Power Company Profile

Itm Power plc is a United Kingdom–based manufacturer of integrated hydrogen energy solutions, specializing in proton exchange membrane (PEM) electrolyzer systems. The company’s core offering includes modular electrolyzer stacks and balance-of-plant solutions designed to convert renewable electricity into green hydrogen. These systems can be scaled from small-scale demonstrations to multi-megawatt deployments, targeting applications in industry, gas blending and refueling infrastructure.

Beyond electrolyzer modules, Itm Power develops turnkey turnkey “power-to-gas” and “power-to-liquids” projects that enable carbon-free fuel production.