Short Interest in ITM Power Plc (OTCMKTS:ITMPF) Increases By 57.8%

ITM Power Plc (OTCMKTS:ITMPF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 352,800 shares, an increase of 57.8% from the February 28th total of 223,600 shares. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is currently 17.3 days. Currently, 0.1% of the shares of the stock are sold short.

ITM Power Stock Performance

OTCMKTS:ITMPF traded down $0.02 during trading hours on Friday, reaching $0.35. The company had a trading volume of 10,200 shares, compared to its average volume of 8,773. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.93 and a current ratio of 3.87. The stock has a 50-day moving average of $0.40 and a two-hundred day moving average of $0.47. ITM Power has a one year low of $0.32 and a one year high of $0.90.

ITM Power Company Profile

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.