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

IMI plc (OTCMKTS:IMIAF) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,100 shares, a decline of 95.6% from the November 15th total of 47,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 21.0 days.

IMI Price Performance

OTCMKTS:IMIAF remained flat at $22.98 during trading hours on Wednesday. The business’s fifty day moving average is $23.14 and its 200 day moving average is $23.49. IMI has a 1-year low of $20.15 and a 1-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.