Short Interest in Integrated Media Technology Limited (NASDAQ:IMTE) Drops By 59.3%

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 25,100 shares, a drop of 59.3% from the October 31st total of 61,700 shares. Based on an average daily volume of 31,700 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.9% of the shares of the stock are sold short.

Integrated Media Technology Price Performance

Shares of NASDAQ:IMTE traded up $0.09 during midday trading on Thursday, hitting $1.27. The company had a trading volume of 62,031 shares, compared to its average volume of 20,703. Integrated Media Technology has a twelve month low of $1.06 and a twelve month high of $3.84. The business’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.57.

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.