IMI plc (OTCMKTS:IMIAF) Short Interest Update

IMI plc (OTCMKTS:IMIAF) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 16,200 shares, a drop of 21.0% from the May 15th total of 20,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 162.0 days.

IMI Price Performance

IMI stock remained flat at $24.25 during midday trading on Monday. The firm’s 50 day moving average price is $22.98 and its two-hundred day moving average price is $21.61. IMI has a 1 year low of $17.00 and a 1 year high of $24.25.

About IMI

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.