Itm Power (OTCMKTS:ITMPF) Short Interest Down 73.0% in May

Itm Power (OTCMKTS:ITMPF) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 9,095 shares, a decrease of 73.0% from the May 14th total of 33,736 shares. Based on an average daily volume of 61,223 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Itm Power Price Performance

Shares of ITMPF traded up $0.01 during mid-day trading on Thursday, hitting $1.56. 53,406 shares of the company’s stock were exchanged, compared to its average volume of 35,466. Itm Power has a 52 week low of $0.76 and a 52 week high of $2.85. The company has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $1.21.

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.