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

ITM Power Plc (OTCMKTS:ITMPF - Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 198,900 shares, a growth of 72.1% from the January 31st total of 115,600 shares. Based on an average daily trading volume, of 20,300 shares, the days-to-cover ratio is presently 9.8 days.

ITM Power Price Performance

ITMPF stock traded up $0.02 during mid-day trading on Wednesday, hitting $0.36. 200 shares of the company were exchanged, compared to its average volume of 9,880. The business has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $0.51. ITM Power has a 12-month low of $0.33 and a 12-month high of $0.90. The company has a current ratio of 3.87, a quick ratio of 2.93 and a debt-to-equity ratio of 0.05.

About ITM Power

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.