Short Interest in Itm Power (OTCMKTS:ITMPF) Declines By 68.6%

Itm Power (OTCMKTS:ITMPF) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 21,686 shares, a drop of 68.6% from the July 15th total of 69,134 shares. Based on an average daily volume of 17,548 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are short sold.

Itm Power Trading Up 1.7%

Shares of ITMPF stock opened at $1.49 on Friday. The company has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.42. Itm Power has a 52 week low of $0.80 and a 52 week high of $2.85.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Itm Power from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate 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.