IMI plc (OTCMKTS:IMIAF) Short Interest Up 16.7% in January

IMI plc (OTCMKTS:IMIAF) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 8,400 shares, an increase of 16.7% from the January 15th total of 7,200 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 21.0 days.

IMI Price Performance

IMI stock remained flat at $23.85 during mid-day trading on Monday. The firm’s fifty day moving average is $23.64 and its 200 day moving average is $23.35. IMI has a one year low of $20.15 and a one year high of $25.00.

IMI Company Profile

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.