Ballard Power Systems (BLDP) : Traders are negative on Ballard Power Systems (BLDP), as it has 3.8% of short positions outstanding compared to its float. The total shorts have reduced by -1,399,581 shares, which is a -21.5% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,6,497,214 to 5,097,633 shares. While the daily trading volume of the stock is 796,163, there are 6 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Ballard Power Systems (NASDAQ:BLDP): The stock opened at $2.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.10 for the day. The stock traded down to $1.98 during the day, due to lack of any buying support eventually closed down at $1.99 with a loss of -4.33% for the day. The stock had closed at $2.08 on the previous day. The total traded volume was 1,610,029 shares.
Ballard Power Systems Inc. is engaged in development and commercialization of proton exchange membrane (PEM) fuel cell. The Companys principal business is the design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on the telecom backup power, material handling, bus and distributed generation markets. It also offers engineering services for various fuel cell applications. It offers tools and technologies for development, optimization, integration and validation of fuel cell components, stacks and systems. It has a portfolio of commercial solutions, including fuel cell stacks, modules and systems. The Companys fuel cell stacks include FCgen-1020ACS, FCgen-1300 and FCvelocity-9SSL. Its fuel cell modules include FCvelocity-HD6. Its complete fuel cell systems include ElectraGen-ME, ElectraGen-H2 and ClearGen.