Short Interest in Itm Power (OTCMKTS:ITMPF) Grows By 144.5%

Itm Power (OTCMKTS:ITMPF) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 86,809 shares, a growth of 144.5% from the June 15th total of 35,500 shares. Based on an average daily trading volume, of 45,038 shares, the short-interest ratio is presently 1.9 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded shares of Itm Power from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Itm Power Stock Down 4.7%

OTCMKTS ITMPF traded down $0.07 during trading on Tuesday, reaching $1.43. 250 shares of the company traded hands, compared to its average volume of 33,219. Itm Power has a 1-year low of $0.76 and a 1-year high of $2.85. The stock’s 50 day moving average price is $1.95 and its two-hundred day moving average price is $1.33.

About Itm Power

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.