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

IMI plc (OTCMKTS:IMIAF) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 45,200 shares, an increase of 189.7% from the October 15th total of 15,600 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 226.0 days.

IMI Stock Performance

Shares of IMIAF opened at $22.98 on Friday. IMI has a 12 month low of $20.15 and a 12 month high of $25.00. The company’s fifty day moving average is $23.33 and its 200-day moving average is $23.43.

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.