Itm Power (OTCMKTS:ITMPF) Short Interest Update

Itm Power (OTCMKTS:ITMPF) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 33,736 shares, a growth of 79.8% from the April 30th total of 18,761 shares. Based on an average trading volume of 72,628 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Itm Power from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Itm Power has an average rating of “Buy”.

Itm Power Trading Down 6.4%

Shares of OTCMKTS ITMPF opened at $2.32 on Thursday. Itm Power has a 1 year low of $0.76 and a 1 year high of $2.85. The company’s 50-day moving average is $1.74 and its 200 day moving average is $1.18.

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.