Integrated Media Technology Limited (NASDAQ:IMTE) Sees Significant Growth in Short Interest

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,100 shares, a growth of 22.2% from the September 30th total of 900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 0.2 days.

Integrated Media Technology Price Performance

NASDAQ IMTE traded up $0.10 on Wednesday, hitting $2.08. The stock had a trading volume of 368,748 shares, compared to its average volume of 19,869. The business’s fifty day moving average price is $1.37 and its 200 day moving average price is $1.72. Integrated Media Technology has a 52-week low of $1.06 and a 52-week high of $4.57.

About Integrated Media Technology

Integrated Media Technology Limited engages in the manufacture and sale of laminated switchable glass, nano-coated plate for filters, air purifiers, and Internet of Things (IoT) products. It also engages in the sale of electronic glass; operation of Ouction, a non-fungible token trading marketplace; and provision of halal certification and distribution of halal products.