Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Rating) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 603,200 shares, a decrease of 36.8% from the March 15th total of 954,800 shares. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is presently 38.7 days.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Berenberg Bank decreased their target price on shares of Ceres Power from GBX 1,560 ($19.30) to GBX 1,155 ($14.29) in a research note on Wednesday, March 29th. HSBC upgraded shares of Ceres Power from a "hold" rating to a "buy" rating in a research note on Friday, March 31st. Finally, Credit Suisse Group increased their price objective on shares of Ceres Power from GBX 950 ($11.76) to GBX 1,000 ($12.37) in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Ceres Power currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,077.50.
Get Ceres Power alerts:Ceres Power Stock Up 6.6 %
Shares of OTCMKTS:CPWHF traded up $0.28 on Monday, reaching $4.53. 2,000 shares of the company's stock were exchanged, compared to its average volume of 4,461. Ceres Power has a fifty-two week low of $3.40 and a fifty-two week high of $9.90. The business's 50-day moving average is $4.83 and its two-hundred day moving average is $4.56.
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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