Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Rating) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,071,500 shares, a growth of 6.9% from the November 15th total of 1,002,200 shares. Based on an average daily trading volume, of 13,000 shares, the short-interest ratio is currently 82.4 days.
Ceres Power Trading Down 6.2 %
OTCMKTS:CPWHF opened at $4.40 on Monday. Ceres Power has a twelve month low of $3.40 and a twelve month high of $13.93. The company has a fifty day moving average of $4.20 and a 200-day moving average of $5.88.
Get Ceres Power alerts:Wall Street Analysts Forecast Growth
Several brokerages recently commented on CPWHF. Royal Bank of Canada began coverage on Ceres Power in a report on Thursday, September 22nd. They issued a "sector perform" rating on the stock. Jefferies Financial Group initiated coverage on shares of Ceres Power in a research note on Tuesday, October 11th. They set a "hold" rating for the company. Peel Hunt began coverage on shares of Ceres Power in a research report on Friday, October 21st. They set a "buy" rating on the stock. Finally, Credit Suisse Group lowered their price objective on Ceres Power from GBX 1,250 ($15.34) to GBX 950 ($11.66) in a research report on Monday, November 28th.
Ceres Power Company Profile
(Get Rating)Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.
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