Ceres Power Holdings plc (OTCMKTS:CPWHF) Sees Large Decrease in Short Interest

Ceres Power Holdings plc (OTCMKTS:CPWHF) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 372,700 shares, a decrease of 63.9% from the June 15th total of 1,033,100 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 207.1 days.

Ceres Power Price Performance

OTCMKTS CPWHF traded up $0.19 during midday trading on Thursday, hitting $2.66. The company had a trading volume of 1,250 shares, compared to its average volume of 2,846. The firm has a 50-day moving average price of $2.47 and a 200-day moving average price of $2.22. Ceres Power has a twelve month low of $1.60 and a twelve month high of $5.85.

About Ceres Power

Ceres Power Holdings plc, provides fuel cells for power generation and electrolysers for green hydrogen in Europe, Asia, North America, and internationally. The company offers SteelCell, a solid oxide fuel cell that generates electrical natural gas, biogas, and pure and blend hydrogen. It also develops solid oxide electrolysis cell, provides a pathway to produce green hydrogen using fossil fuels.