IMI plc (OTCMKTS:IMIAF) Sees Significant Growth in Short Interest

IMI plc (OTCMKTS:IMIAF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 16,700 shares, an increase of 7.1% from the March 31st total of 15,600 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 167.0 days.

IMI Price Performance

Shares of OTCMKTS IMIAF opened at $21.73 on Thursday. The business’s 50 day moving average is $22.04 and its two-hundred day moving average is $20.46. IMI has a 12 month low of $17.00 and a 12 month high of $23.00.

About IMI

IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.