IMI plc (OTCMKTS:IMIAF) Sees Significant Decline in Short Interest

IMI plc (OTCMKTS:IMIAF) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 23,000 shares, a drop of 17.6% from the February 13th total of 27,900 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 14.4 days.

IMI Price Performance

IMIAF stock remained flat at $27.05 during mid-day trading on Tuesday. IMI has a 12-month low of $21.73 and a 12-month high of $27.05. The firm has a fifty day moving average price of $24.38 and a 200-day moving average price of $23.67.

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.