Itm Power (OTCMKTS:ITMPF) Short Interest Down 73.0% in May

Itm Power (OTCMKTS:ITMPF) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 9,095 shares, a drop of 73.0% from the May 14th total of 33,736 shares. Based on an average daily volume of 61,223 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Itm Power Price Performance

OTCMKTS:ITMPF traded down $0.04 during midday trading on Friday, hitting $1.69. 4,500 shares of the company were exchanged, compared to its average volume of 35,362. The company has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $1.22. Itm Power has a fifty-two week low of $0.76 and a fifty-two week high of $2.85.

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.