IGM Financial Inc. (OTCMKTS:IGIFF) Short Interest Down 5.5% in January

IGM Financial Inc. (OTCMKTS:IGIFF) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 687,800 shares, a drop of 5.5% from the January 15th total of 727,500 shares. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is presently 107.5 days.

IGM Financial Price Performance

Shares of IGIFF stock opened at $32.04 on Thursday. IGM Financial has a 52 week low of $22.81 and a 52 week high of $33.94. The firm has a 50 day moving average of $31.64 and a two-hundred day moving average of $30.77.

IGM Financial Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 1st were given a $0.4057 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 5.07%. IGM Financial’s dividend payout ratio is presently 67.85%.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.