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

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

IMI Price Performance

Shares of IMIAF opened at $23.20 on Wednesday. The firm has a 50-day moving average price of $23.28 and a 200 day moving average price of $23.14. IMI has a 12-month low of $17.00 and a 12-month 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.