Integrated Media Technology Limited (NASDAQ:IMTE) sees sharp drop in short-term interest
Integrated Media Technology Limited (NASDAQ: IMTE – Get a rating) benefited from a sharp drop in short-term interest rates during the month of May. As of May 31, there was short interest totaling 95,800 shares, down 15.4% from the May 15 total of 113,200 shares. Based on an average daily trading volume of 1,600,000 shares, the short interest ratio is currently 0.1 day.
A hedge fund recently bought a new stake in Integrated Media Technology stock. Susquehanna International Group LLP has acquired a new stake in the shares of Integrated Media Technology Limited (NASDAQ: IMTE – Get a rating) during Q4, according to its most recent SEC filing. The institutional investor purchased 38,611 shares of the company, valued at approximately $172,000. Susquehanna International Group LLP owned approximately 0.41% of Integrated Media Technology at the end of the last quarter. 0.46% of the shares are currently held by hedge funds and other institutional investors.
Shares of Built-in media technology stock traded at $0.11 during Friday trading hours, hitting $2.73. The company’s shares had a trading volume of 20,833 shares, compared to its average volume of 3,388,791. The company has a 50-day moving average price of $5.58 and a 200-day moving average price of of $7.46. Integrated Media Technology has a one-year low of $2.16 and a one-year high of $38.48. The company has a debt ratio of 0.10, a quick ratio of 0.34 and a current ratio of 0.34.
About Embedded Media Technology (Get a rating)
Integrated Media Technology Limited offers switchable laminated glass, nano-coated plate filter, air filter and Internet of Things (IoT) products. It also engages in the provision of financial research services; development of the Ouction platform, a non-fungible token trading market; and the distribution of halal food products.
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