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

Ceres Power Holdings plc (OTCMKTS:CPWHF) was the recipient of a significant 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 trading volume, of 10,600 shares, the short-interest ratio is presently 27.7 days.

Ceres Power Price Performance

OTCMKTS CPWHF opened at $2.15 on Tuesday. Ceres Power has a 1 year low of $1.60 and a 1 year high of $4.00. The business’s fifty day moving average is $2.60 and its two-hundred day moving average is $2.61.

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.