On Wednesday, the stock of Imperium Technology Group Limited (OTCMKTS:IPGGF) experienced a significant decrease, falling 2.7% and opening at 0.54. Despite this, the company has a 52-week low of 0.21 and a high of 1.30. Its fifty-day simple moving average is 0.52, and its 200-day simple moving average is 0.59.
Imperium Technology Group Limited is an investment holding company involved in various businesses such as online gaming, cloud computing, data storage, Esports, property investment, and money lending. They also provide household products in Hong Kong, the People’s Republic of China, East and South Asia, and internationally.
In May, there was a significant increase in short interest for Imperium Technology Group Limited with total short interest of 74,900 shares on May 15th from April 30th’s total of 8,800 shares which represents an increase of over 751%. With an average trading volume of around 42 thousand shares; the short-interest ratio is currently at approximately one day and eight hours (1.8 days).
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