Itm Power (OTCMKTS:ITMPF) Short Interest Up 144.5% in June

Itm Power (OTCMKTS:ITMPF) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 86,809 shares, an increase of 144.5% from the June 15th total of 35,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 45,038 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Itm Power from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Itm Power Trading Up 3.8%

Itm Power stock traded up $0.06 during mid-day trading on Wednesday, hitting $1.51. The company’s stock had a trading volume of 3,500 shares, compared to its average volume of 32,980. The stock’s fifty day moving average price is $1.94 and its two-hundred day moving average price is $1.33. Itm Power has a twelve month low of $0.76 and a twelve month high of $2.85.

About Itm Power

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.