Itm Power (OTCMKTS:ITMPF – Get Free Report) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,713 shares, a drop of 47.4% from the September 30th total of 14,655 shares. Based on an average daily volume of 10,714 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold.
Itm Power Stock Performance
Shares of ITMPF stock traded down $0.09 during trading hours on Friday, reaching $1.01. 12,500 shares of the company’s stock were exchanged, compared to its average volume of 6,475. The company’s 50 day moving average is $1.29 and its two-hundred day moving average is $1.36. Itm Power has a 1 year low of $0.80 and a 1 year high of $2.85.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ITMPF. Zacks Research raised Itm Power to a “hold” rating in a research report on Monday, October 26th. Peel Hunt raised Itm Power to a “hold” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Analysis on ITMPF
Itm Power Company Profile
ITM Power plc is a United Kingdom-based company that designs and manufactures electrolyzers used to produce green hydrogen. Its technology uses renewable electricity to split water into hydrogen and oxygen, supporting lower-carbon applications in industry, transportation, energy storage and other sectors.
The company’s products include proton exchange membrane (PEM) electrolyzer stacks, modules and integrated systems. ITM Power also provides related engineering, installation, commissioning and service capabilities for larger hydrogen projects, including systems designed for integration with renewable power and industrial facilities.
Founded in 2001 and headquartered in Sheffield, England, ITM Power serves customers and project partners in the United Kingdom and international markets.
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