IG Group Holdings plc (OTCMKTS:IGGHY) Sees Significant Increase in Short Interest

IG Group Holdings plc (OTCMKTS:IGGHY) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,100 shares, an increase of 75.0% from the February 28th total of 1,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 21.0 days.

IG Group Price Performance

IGGHY stock remained flat at $11.18 during midday trading on Friday. The company had a trading volume of 4 shares, compared to its average volume of 1,001. The stock’s 50-day moving average price is $12.07 and its 200-day moving average price is $11.91. IG Group has a 12 month low of $8.95 and a 12 month high of $13.31.

IG Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 3rd were paid a $0.1708 dividend. The ex-dividend date was Monday, February 3rd. IG Group’s payout ratio is 62.58%.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.