Itm Power (OTCMKTS:ITMPF) Short Interest Update

Itm Power (OTCMKTS:ITMPF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 35,500 shares, a growth of 290.3% from the May 31st total of 9,095 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 70,343 shares, the short-interest ratio is presently 0.5 days.

Itm Power Stock Performance

Shares of ITMPF stock traded down $0.09 on Friday, reaching $1.48. The stock had a trading volume of 510 shares, compared to its average volume of 25,830. Itm Power has a 1 year low of $0.76 and a 1 year high of $2.85. The company has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $1.27.

Wall Street Analyst Weigh In

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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Itm Power Company Profile

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.