Itm Power (OTCMKTS:ITMPF) Short Interest Down 68.6% in July

Itm Power (OTCMKTS:ITMPF) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 21,686 shares, a decrease 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 Price Performance

OTCMKTS ITMPF traded up $0.02 during trading on Friday, reaching $1.49. 10,859 shares of the company’s stock were exchanged, compared to its average volume of 7,670. The business has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.42. Itm Power has a fifty-two week low of $0.80 and a fifty-two week high of $2.85.

Wall Street Analysts Forecast Growth

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 Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Itm Power currently has an average 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.