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

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 36,790 shares, an increase of 170.1% from the September 15th total of 13,621 shares. Based on an average daily trading volume, of 24,761 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the company’s stock are short sold.

Integrated Media Technology Stock Up 0.4%

NASDAQ:IMTE traded up $0.00 on Tuesday, hitting $0.49. The stock had a trading volume of 19,108 shares, compared to its average volume of 506,510. Integrated Media Technology has a 52 week low of $0.40 and a 52 week high of $1.34. The business’s fifty day moving average is $0.48 and its 200 day moving average is $0.52.

Integrated Media Technology Company Profile

Integrated Media Technology Limited is an Australia-based media and entertainment technology company. The company focuses on the development, marketing and distribution of products and solutions designed to deliver digital media content, including three-dimensional and autostereoscopic display technologies.

Its product and service offerings have included 3D display systems, digital signage and related digital media products for commercial, entertainment and other applications. The company has also been involved in developing and distributing content and technology intended to support 3D media experiences.

Integrated Media Technology has operated in Australia and has pursued business activities involving markets in Greater China and other parts of Asia.