Integrated Media Technology Limited (NASDAQ:IMTE) Sees Significant Drop in Short Interest

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 18,600 shares, a drop of 41.5% from the December 31st total of 31,800 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 43,200 shares, the days-to-cover ratio is currently 0.4 days.

Integrated Media Technology Trading Down 0.1 %

NASDAQ IMTE opened at $1.26 on Friday. The business’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.39. The company has a current ratio of 1.33, a quick ratio of 0.20 and a debt-to-equity ratio of 0.78. Integrated Media Technology has a 52 week low of $1.06 and a 52 week high of $3.84.

Integrated Media Technology Company Profile

Integrated Media Technology Limited engages in the manufacture and sale of laminated switchable glass, nano-coated plate for filters, air purifiers, and Internet of Things (IoT) products. It also engages in the sale of electronic glass; operation of Ouction, a non-fungible token trading marketplace; and provision of halal certification and distribution of halal products.