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

IMI plc (OTCMKTS:IMIAF) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 18,400 shares, a growth of 7.0% from the August 31st total of 17,200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

IMI Stock Performance

IMIAF opened at $25.00 on Wednesday. The stock’s fifty day simple moving average is $23.32 and its 200 day simple moving average is $23.29. IMI has a 1-year low of $17.00 and a 1-year high of $25.00.

About IMI

IMI plc, an engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa. The company offers engineering protects for extreme temperatures and pressure environments; supplying flow control solutions in critical applications, including liquified natural gas (LNG) production, upstream oil and gas facilities, petrochemical processes, biopharma processing, combined cycle and nuclear power, marine, and other process industries; and installs severe service valves for supporting critical industrial plants and processes.