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

IMI plc (OTCMKTS:IMIAF) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 35,243 shares, an increase of 33.5% from the December 31st total of 26,398 shares. Based on an average daily volume of 370 shares, the short-interest ratio is presently 95.3 days. Based on an average daily volume of 370 shares, the short-interest ratio is presently 95.3 days.

IMI Stock Performance

Shares of IMIAF remained flat at $34.00 during midday trading on Tuesday. The stock’s 50-day moving average is $32.23 and its two-hundred day moving average is $30.76. IMI has a twelve month low of $22.95 and a twelve month high of $34.00.

IMI Company Profile

IMI plc (OTCMKTS: IMIAF) is a global engineering group specializing in the design, manufacture and servicing of fluid and motion control products. The company delivers advanced solutions for demanding applications in energy, transportation, infrastructure and industrial markets. Its portfolio encompasses valves, regulators, actuators and precision components engineered to optimise performance, reliability and safety across client operations.

Operations are organised into three core business segments: Critical Engineering, Precision Engineering and Hydronic Engineering.