ITM Power Plc (OTCMKTS:ITMPF) Sees 72.1% Increase in Short Interest in February

ITM Power Plc (OTCMKTS:ITMPF) experienced a remarkable rise in short interest during February. As of February 15th, the short interest amounted to 198,900 shares, representing a substantial growth of 72.1% compared to the 115,600 shares reported on January 31st. With an average daily trading volume of 20,300 shares, the current short-interest ratio stands at 9.8 days.

ITM Power Stock Performance

On Friday, shares of ITM Power traded down by $0.01, bringing the stock price to $0.35. The trading volume for the day was 3,585 shares, a decline from the average volume of 9,497 shares. Over the past twelve months, ITM Power has seen a low of $0.35 and a high of $0.90. Financial metrics include a current ratio of 3.87, a quick ratio of 2.93, and a low debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $0.43 and a 200-day moving average of $0.52.

Company Overview

ITM Power Plc specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers across various regions, including the United Kingdom, Germany, Australia, and the United States. Their product lineup features several technologies, such as TRIDENT, which is a PEM electrolyser stack; NEPTUNE, a 2MW plug and play electrolyser suited for small to mid-sized projects; and POSEIDON, a sophisticated 20 MW module tailored for large-scale applications.

Insights and Analyst Views

Investors considering ITM Power should pay attention to current market insights. Although ITM Power holds a Hold rating among analysts, it is important to compare it with other recommended stocks. MarketBeat tracks top analysts who suggest five stocks considered better investment options at this time, highlighting strategic alternatives for investors.

Before making investment decisions, it’s advisable to review various insights from credible sources.

ITM, Power, Interest