Imperial Metals Co. (OTCMKTS:IPMLF) Sees Large Drop in Short Interest

Imperial Metals Co. (OTCMKTS:IPMLF) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 110,100 shares, a decrease of 22.4% from the April 30th total of 141,800 shares. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is currently 4.9 days.

Imperial Metals Stock Performance

Shares of OTCMKTS IPMLF traded down $0.02 during midday trading on Wednesday, hitting $3.49. The stock had a trading volume of 8,907 shares, compared to its average volume of 9,529. The stock has a 50 day simple moving average of $2.45 and a 200-day simple moving average of $1.82. Imperial Metals has a 1 year low of $1.19 and a 1 year high of $3.51.

About Imperial Metals

Imperial Metals Corporation, together with its subsidiaries, engages in the exploration, development, and production of base and precious metals in the United States, Switzerland, China, the Philippines, Singapore, and Canada. It explores for copper, gold, silver, and other precious metals. The company holds 100% interests in the Mount Polley open-pit copper-gold mine located in south-central British Columbia; and the Huckleberry copper mine located in west-central British Columbia.