Short Interest in Ceres Power Holdings plc (OTCMKTS:CPWHF) Decreases By 30.2%

Ceres Power Holdings plc (OTCMKTS:CPWHF) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 278,400 shares, a decrease of 30.2% from the September 30th total of 399,100 shares. Based on an average daily trading volume, of 94,200 shares, the short-interest ratio is currently 3.0 days. Based on an average daily trading volume, of 94,200 shares, the short-interest ratio is currently 3.0 days.

Ceres Power Stock Up 13.5%

OTCMKTS:CPWHF opened at $4.15 on Tuesday. The company has a 50 day moving average price of $2.35 and a 200 day moving average price of $1.59. Ceres Power has a fifty-two week low of $0.67 and a fifty-two week high of $4.27.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Ceres Power from a “neutral” rating to a “buy” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Ceres Power presently has an average rating of “Buy”.

About Ceres Power

Ceres Power Holdings plc, provides fuel cells for power generation and electrolysers for green hydrogen in Europe, Asia, North America, and internationally. The company offers SteelCell, a solid oxide fuel cell that generates electrical natural gas, biogas, and pure and blend hydrogen. It also develops solid oxide electrolysis cell, provides a pathway to produce green hydrogen using fossil fuels.