Iveco Group (OTCMKTS:IVCGF) Sees Significant Increase in Short Interest

Iveco Group (OTCMKTS:IVCGF) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,321,700 shares, a growth of 22.8% from the November 30th total of 1,890,600 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 1,451.1 days.

Iveco Group Price Performance

Iveco Group stock traded up $0.08 during trading on Tuesday, reaching $9.69. The company had a trading volume of 385 shares, compared to its average volume of 3,611. The firm’s 50-day simple moving average is $10.13 and its 200 day simple moving average is $10.37. Iveco Group has a 52 week low of $8.73 and a 52 week high of $15.86.

Iveco Group Company Profile

Iveco Group N.V. engages in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense, and other applications worldwide. The company operates through three segments: Commercial and Specialty Vehicles, Powertrain, and Financial Services.