Itm Power (OTCMKTS:ITMPF) Short Interest Down 73.0% in May

Itm Power (OTCMKTS:ITMPF) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 9,095 shares, a drop of 73.0% from the May 14th total of 33,736 shares. Based on an average daily volume of 61,223 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of Itm Power from an “equal weight” rating to an “overweight” rating in a report on Wednesday, April 29th. One investment 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. According to data from MarketBeat, Itm Power has a consensus rating of “Buy”.

Itm Power Price Performance

Shares of OTCMKTS ITMPF traded down $0.04 during midday trading on Friday, reaching $1.69. The company’s stock had a trading volume of 4,500 shares, compared to its average volume of 35,094. Itm Power has a fifty-two week low of $0.76 and a fifty-two week high of $2.85. The stock has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $1.22.

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.