Short Interest in ITM Power Plc (OTCMKTS:ITMPF) Decreases By 17.2%

ITM Power Plc (OTCMKTS:ITMPF) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 115,600 shares, a drop of 17.2% from the January 15th total of 139,600 shares. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is currently 5.8 days.

ITM Power Trading Down 0.7 %

ITM Power stock opened at $0.44 on Monday. ITM Power has a 1 year low of $0.40 and a 1 year high of $0.90. The firm’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.54.

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.