Ceres Power Holdings plc (OTCMKTS:CPWHF) Sees Large Growth in Short Interest

Ceres Power Holdings plc (OTCMKTS:CPWHF) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,990,347 shares, a growth of 88.0% from the June 30th total of 1,058,639 shares. Based on an average daily volume of 4,652 shares, the short-interest ratio is presently 427.8 days.

Ceres Power Stock Down 1.0%

OTCMKTS:CPWHF opened at $4.61 on Friday. The business’s 50-day moving average price is $7.22 and its 200 day moving average price is $5.98. Ceres Power has a 52-week low of $1.32 and a 52-week high of $11.70.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CPWHF shares. Jefferies Financial Group reissued a “buy” rating on shares of Ceres Power in a research note on Wednesday, April 15th. Panmure Gordon lowered shares of Ceres Power from a “buy” rating to a “sell” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Ceres Power Company Profile

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.