IWG plc (OTCMKTS:IWGFF) Sees Significant Increase in Short Interest

IWG plc (OTCMKTS:IWGFF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 849,500 shares, a growth of 57.1% from the February 28th total of 540,900 shares. Based on an average daily trading volume, of 317,700 shares, the days-to-cover ratio is currently 2.7 days.

IWG Stock Up 2.3 %

Shares of IWGFF traded up $0.06 during mid-day trading on Monday, hitting $2.47. 51,288 shares of the company’s stock were exchanged, compared to its average volume of 239,056. The stock’s 50-day simple moving average is $2.32 and its 200-day simple moving average is $2.21. IWG has a 52 week low of $1.80 and a 52 week high of $2.73.

IWG Company Profile

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.