ITM Power Plc (OTCMKTS:ITMPF) Short Interest Update

ITM Power Plc (OTCMKTS:ITMPF) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 352,800 shares, an increase of 57.8% from the February 28th total of 223,600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 20,400 shares, the short-interest ratio is currently 17.3 days.

ITM Power Trading Down 5.0 %

Shares of ITMPF traded down $0.02 during mid-day trading on Monday, hitting $0.35. The company had a trading volume of 10,200 shares, compared to its average volume of 8,773. ITM Power has a 1-year low of $0.32 and a 1-year high of $0.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.87 and a quick ratio of 2.93. The business’s 50-day simple moving average is $0.40 and its 200-day simple moving average is $0.47.

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.