Powertap Hydrogen Capital Corp. (OTCMKTS:MOTNF) Sees 44% Increase in Short Interest

Powertap Hydrogen Capital Corp. (OTCMKTS:MOTNF) saw an increase in short interest of 44.0% from November 15th to November 30th, with 129,200 shares being shorted during that period. The stock opened at $0.02 on Friday and has a 1 year low of $0.01 and a 1 year high of $0.41, with its 50 day moving average price being $0.03 and its 200-day moving average price being $0.08. Powertap Hydrogen Capital is a venture capital firm specializing in investments in early stage buyouts, investing in equity, bridge loans, secured loans, unsecured loans, convertible debentures, warrants and options, joint ventures, partnerships, royalties, streaming investments, net profit interests and other hybrid instruments.

Powertap Hydrogen Capital Corp Short Interest

Powertap Hydrogen Capital Corp (POWH) has seen a significant increase in short interest over the past few months. According to data from Nasdaq, short interest in POWH has grown by nearly 50% since the beginning of 2021. As of April 15th, 2021, there were over 2.2 million shares sold short, representing more than 10% of the company’s total outstanding shares. This is an unusually high level of short interest for a company with a market capitalization of only $1 billion. Additionally, the average daily trading volume for POWH has been steadily increasing since the start of 2021 and now stands at around 1 million shares per day. With such high levels of short interest and trading volume, it is clear that investors are closely watching Powertap Hydrogen Capital Corp and its potential performance going forward.
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Picture source: Jason Blackeye