IWG plc (OTCMKTS:IWGFF) Sees Large Decline in Short Interest

IWG plc (OTCMKTS:IWGFF) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 488,900 shares, a drop of 20.0% from the September 15th total of 610,900 shares. Based on an average daily trading volume, of 59,400 shares, the short-interest ratio is currently 8.2 days.

IWG Stock Performance

IWGFF traded up $0.02 during trading on Tuesday, hitting $2.22. The stock had a trading volume of 1,200 shares, compared to its average volume of 32,053. IWG has a twelve month low of $1.58 and a twelve month high of $2.63. The company’s 50-day moving average price is $2.28 and its 200 day moving average price is $2.30.

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.