Ceres Power Holdings plc (OTCMKTS:CPWHF) Short Interest Up 37.1% in January

Ceres Power Holdings plc (OTCMKTS:CPWHF) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 440,477 shares, a growth of 37.1% from the December 31st total of 321,184 shares. Based on an average daily volume of 76,804 shares, the days-to-cover ratio is presently 5.7 days. Based on an average daily volume of 76,804 shares, the days-to-cover ratio is presently 5.7 days.

Ceres Power Stock Down 2.9%

OTCMKTS CPWHF opened at $4.01 on Friday. Ceres Power has a 1-year low of $0.67 and a 1-year high of $5.51. The stock’s 50 day moving average is $3.80 and its two-hundred day moving average is $2.93.

Analysts Set New Price Targets

Separately, Panmure Gordon upgraded Ceres Power to a “buy” rating in a research note on Friday, December 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Ceres Power Company Profile

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.