Itm Power (OTCMKTS:ITMPF – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 21,686 shares, a decrease of 68.6% from the July 15th total of 69,134 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 17,548 shares, the short-interest ratio is currently 1.2 days.
Itm Power Trading Up 1.7%
Shares of ITMPF traded up $0.02 during trading hours on Friday, hitting $1.49. The stock had a trading volume of 10,859 shares, compared to its average volume of 29,784. Itm Power has a 12-month low of $0.80 and a 12-month high of $2.85. The company’s fifty day simple moving average is $1.54 and its 200 day simple moving average is $1.42.
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 Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Itm Power currently has a consensus rating of “Moderate Buy”.
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.
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