Itm Power (OTCMKTS:ITMPF) Sees Large Growth in Short Interest

Itm Power (OTCMKTS:ITMPF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 35,500 shares, an increase of 290.3% from the May 31st total of 9,095 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 70,343 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

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

Itm Power Trading Down 5.7%

OTCMKTS:ITMPF traded down $0.09 during trading hours on Friday, reaching $1.48. 510 shares of the company were exchanged, compared to its average volume of 25,830. The business has a 50 day moving average of $2.01 and a 200 day moving average of $1.27. Itm Power has a 1-year low of $0.76 and a 1-year high of $2.85.

Itm Power Company Profile

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.