ITM Power Plc (OTCMKTS:ITMPF - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 115,600 shares, a decline of 17.2% from the January 15th total of 139,600 shares. Based on an average daily volume of 20,000 shares, the days-to-cover ratio is presently 5.8 days.
ITM Power Trading Down 3.9 %
ITM Power stock traded down $0.02 during mid-day trading on Thursday, reaching $0.42. 1,170 shares of the company traded hands, compared to its average volume of 9,758. The company has a quick ratio of 2.93, a current ratio of 3.87 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average price is $0.44 and its 200 day moving average price is $0.53. ITM Power has a 52-week low of $0.40 and a 52-week high of $0.90.
About ITM Power
(
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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.
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