Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Rating) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,051,200 shares, a decline of 7.0% from the January 31st total of 1,130,400 shares. Based on an average trading volume of 7,700 shares, the short-interest ratio is currently 136.5 days.

Ceres Power Stock Performance

Shares of OTCMKTS CPWHF opened at $5.07 on Wednesday. The business has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $4.96. Ceres Power has a twelve month low of $3.40 and a twelve month high of $10.35.

Wall Street Analysts Forecast Growth

Separately, Credit Suisse Group dropped their price objective on Ceres Power from GBX 1,250 ($15.03) to GBX 950 ($11.42) in a report on Monday, November 28th.

Ceres Power Company Profile

(Get Rating)

Ceres Power Holding plc engages in development and commercialization of fuel cell technology. It offers its product under the Steel Cell brand. The company was founded in May 2001 and is headquartered in Horsham, the United Kingdom.

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