Ceres Power Holdings plc (OTCMKTS:CPWHF) Short Interest Down 12.8% in August

Ceres Power Holdings plc (OTCMKTS:CPWHF) 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

Shares of CPWHF stock remained flat at $4.61 during mid-day trading on Monday. Ceres Power has a twelve month low of $3.35 and a twelve month high of $6.45. The company’s 50-day moving average is $4.40 and its two-hundred day moving average is $4.28.

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.