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

Ceres Power Holdings plc (OTCMKTS:CPWHF) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 293,600 shares, a drop of 5.7% from the November 15th total of 311,400 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 27.7 days.

Ceres Power Stock Performance

OTCMKTS:CPWHF opened at $2.15 on Wednesday. Ceres Power has a 52 week low of $1.60 and a 52 week high of $4.00. The company’s 50 day moving average price is $2.57 and its 200-day moving average price is $2.60.

Ceres Power Company Profile

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.