Short Interest in Integrated Media Technology Limited (NASDAQ:IMTE) Expands By 5,509.1%

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 61,700 shares, an increase of 5,509.1% from the October 15th total of 1,100 shares. Based on an average daily trading volume, of 30,400 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.4% of the shares of the company are short sold.

Integrated Media Technology Stock Performance

IMTE opened at $1.28 on Wednesday. Integrated Media Technology has a fifty-two week low of $1.06 and a fifty-two week high of $3.84. The firm has a 50-day moving average of $1.37 and a 200 day moving average of $1.69.

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.