Short Interest in Itm Power (OTCMKTS:ITMPF) Grows By 144.5%

Itm Power (OTCMKTS:ITMPF – Get Free Report) was the target of a large 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 45,038 shares, the short-interest ratio is currently 1.9 days.

Analysts Set New Price Targets

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

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Itm Power Price Performance

Shares of ITMPF stock traded down $0.07 on Tuesday, hitting $1.43. The stock had a trading volume of 250 shares, compared to its average volume of 33,219. Itm Power has a twelve month low of $0.76 and a twelve month high of $2.85. The company has a fifty day moving average price of $1.95 and a two-hundred day moving average price of $1.33.

About Itm Power

(Get Free Report)

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.

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