Itm Power (OTCMKTS:ITMPF) Short Interest Down 68.6% in July

Itm Power (OTCMKTS:ITMPF) was the recipient of a large decrease in short interest in 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 17,548 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised 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 Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Itm Power Price Performance

Shares of OTCMKTS ITMPF traded up $0.02 on Friday, hitting $1.49. The company 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 business has a 50 day moving average of $1.54 and a two-hundred day moving average of $1.42.

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.