IMI plc (OTCMKTS:IMIAF) Short Interest Up 10.3% in August

IMI plc (OTCMKTS:IMIAF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 17,200 shares, an increase of 10.3% from the August 15th total of 15,600 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 34.4 days.

IMI Price Performance

Shares of IMIAF opened at $23.20 on Wednesday. IMI has a 1 year low of $17.00 and a 1 year high of $24.25. The company’s 50-day simple moving average is $23.28 and its 200-day simple moving average is $23.14.

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.