ITM Power Plc (OTCMKTS:ITMPF) Sees Short Interest Surge 72.1% in February

ITM Power Plc (OTCMKTS:ITMPF - Get Free Report) experienced a substantial increase in short interest during February. As of February 15th, the total short interest reached 198,900 shares, representing a significant gain of 72.1% from 115,600 shares reported on January 31st. With the average daily trading volume at 20,300 shares, the current short-interest ratio stands at 9.8 days.

Stock Performance of ITM Power

On Friday, shares of ITMPF fell by $0.01 to close at $0.35. The trading volume for the day was 3,585 shares, below its typical volume of 9,497. Over the past twelve months, the stock has reached a low of $0.35 and a high of $0.90. Financial metrics for the company include a current ratio of 3.87, a quick ratio of 2.93, and a debt-to-equity ratio of 0.05. The stock's 50-day moving average currently sits at $0.43, while its 200-day moving average is at $0.52.

Overview of ITM Power

ITM Power Plc is engaged in the design and manufacture of proton exchange membrane (PEM) electrolysers, with operations spanning the United Kingdom, Germany, Australia, the rest of Europe, and the United States. The company offers several products, including TRIDENT, which is a stack technology for PEM electrolysers; NEPTUNE, a 2MW plug-and-play electrolyser suited for small to mid-scale projects; and POSEIDON, a state-of-the-art 20 MW module designed for large-scale projects.

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