Ceres Power Holdings plc (OTCMKTS:CPWHF) Short Interest Update

Ceres Power Holdings plc (OTCMKTS:CPWHF) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 440,477 shares, a growth of 37.1% from the December 31st total of 321,184 shares. Based on an average daily volume of 76,804 shares, the short-interest ratio is currently 5.7 days. Based on an average daily volume of 76,804 shares, the short-interest ratio is currently 5.7 days.

Ceres Power Price Performance

Shares of OTCMKTS:CPWHF opened at $3.87 on Tuesday. The firm has a fifty day simple moving average of $3.79 and a two-hundred day simple moving average of $2.96. Ceres Power has a 52 week low of $0.67 and a 52 week high of $5.51.

Analysts Set New Price Targets

Separately, Panmure Gordon upgraded Ceres Power to a “buy” rating in a research report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Ceres Power

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.