Short Interest in IMI plc (OTCMKTS:IMIAF) Decreases By 75.0%

IMI plc (OTCMKTS:IMIAF) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 40,722 shares, a drop of 75.0% from the January 29th total of 162,639 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

IMI Price Performance

Shares of IMI stock remained flat at $38.93 during trading on Thursday. IMI has a 52-week low of $22.95 and a 52-week high of $38.93. The company’s 50-day moving average is $33.47 and its 200-day moving average is $31.37.

About IMI

IMI plc (OTCMKTS: IMIAF) is a global engineering group specializing in the design, manufacture and servicing of fluid and motion control products. The company delivers advanced solutions for demanding applications in energy, transportation, infrastructure and industrial markets. Its portfolio encompasses valves, regulators, actuators and precision components engineered to optimise performance, reliability and safety across client operations.

Operations are organised into three core business segments: Critical Engineering, Precision Engineering and Hydronic Engineering.