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

Ceres Power Holdings plc (OTCMKTS:CPWHF) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,990,347 shares, a growth of 88.0% from the June 30th total of 1,058,639 shares. Based on an average daily volume of 4,652 shares, the short-interest ratio is currently 427.8 days.

Ceres Power Stock Up 22.8%

CPWHF stock traded up $0.90 during midday trading on Friday, hitting $4.85. The company’s stock had a trading volume of 1,315 shares, compared to its average volume of 17,827. The stock’s 50-day moving average price is $7.35 and its 200 day moving average price is $5.99. Ceres Power has a 1 year low of $1.32 and a 1 year high of $11.70.

Wall Street Analysts Forecast Growth

CPWHF has been the subject of a number of recent analyst reports. Panmure Gordon downgraded shares of Ceres Power from a “buy” rating to a “sell” rating in a research report on Thursday, June 4th. Jefferies Financial Group reissued a “buy” rating on shares of Ceres Power in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ceres Power presently has an average rating of “Hold”.

Ceres Power Company Profile

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.