Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 639,600 shares, a decline of 12.8% from the August 15th total of 733,700 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 290.7 days.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CPWHF shares. Berenberg Bank reduced their price objective on shares of Ceres Power from GBX 1,155 ($14.45) to GBX 1,140 ($14.27) in a research report on Wednesday, July 26th. Credit Suisse Group dropped their target price on shares of Ceres Power from GBX 1,000 ($12.51) to GBX 950 ($11.89) in a report on Friday, August 18th.
Ceres Power Stock Performance
About Ceres Power
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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