ITM Power Plc (OTCMKTS:ITMPF) Short Interest Update

ITM Power Plc (OTCMKTS:ITMPF) was the target of a significant increase in short interest during 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. Based on an average trading volume of 20,400 shares, the short-interest ratio is currently 17.3 days. Approximately 0.1% of the shares of the company are short sold.

ITM Power Stock Performance

OTCMKTS:ITMPF traded down $0.02 during trading hours on Friday, hitting $0.35. 10,200 shares of the company traded hands, compared to its average volume of 8,773. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.87 and a quick ratio of 2.93. ITM Power has a twelve month low of $0.32 and a twelve month high of $0.90. The firm has a 50-day moving average of $0.40 and a 200 day moving average of $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.