Itm Power (OTCMKTS:ITMPF) Sees Large Decrease in Short Interest

Itm Power (OTCMKTS:ITMPF) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 20,638 shares, a decline of 53.8% from the November 30th total of 44,655 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 15,639 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 15,639 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt upgraded Itm Power to a “hold” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Itm Power Price Performance

ITMPF remained flat at $0.87 on Friday. The business has a 50 day moving average price of $0.96 and a 200 day moving average price of $0.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.07 and a quick ratio of 2.46. Itm Power has a one year low of $0.32 and a one year high of $1.30.

About Itm Power

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.