XP Power Limited (OTCMKTS:XPPLF) Short Interest Down 38.1% in May

XP Power Limited (OTCMKTS:XPPLFGet Rating) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 1,300 shares, a decline of 38.1% from the May 15th total of 2,100 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

XPPLF opened at $41.74 on Monday. The business has a fifty day moving average of $41.80 and a 200 day moving average of $56.40. XP Power has a 52-week low of $38.30 and a 52-week high of $77.00.

Separately, Berenberg Bank cut their target price on XP Power from GBX 6,225 ($78.01) to GBX 5,600 ($70.18) in a research report on Thursday, March 3rd.

About XP Power (Get Rating)

XP Power Limited, an investment holding company, designs and manufactures power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage DC-DC converters, high voltage AC-DC power supplies, RF power systems, EMI filters, custom power supplies, and 3 phase power sources.

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