Ceres Power Holdings plc (OTCMKTS:CPWHF) Sees Large Decrease in Short Interest

Ceres Power Holdings plc (OTCMKTS:CPWHF) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 278,400 shares, a decrease of 30.2% from the September 30th total of 399,100 shares. Based on an average daily volume of 94,200 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 94,200 shares, the days-to-cover ratio is presently 3.0 days.

Ceres Power Stock Performance

Shares of OTCMKTS:CPWHF opened at $3.66 on Monday. The business has a 50-day moving average of $2.30 and a two-hundred day moving average of $1.57. Ceres Power has a 12 month low of $0.67 and a 12 month high of $4.21.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Ceres Power from a “neutral” rating to a “buy” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Ceres Power Company Profile

Ceres Power Holdings plc, provides fuel cells for power generation and electrolysers for green hydrogen in Europe, Asia, North America, and internationally. The company offers SteelCell, a solid oxide fuel cell that generates electrical natural gas, biogas, and pure and blend hydrogen. It also develops solid oxide electrolysis cell, provides a pathway to produce green hydrogen using fossil fuels.