IG Group Holdings plc (OTCMKTS:IGGHY) Short Interest Update

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,300 shares, an increase of 85.7% from the January 15th total of 700 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 6.5 days.

IG Group Price Performance

Shares of IG Group stock traded down $0.58 on Friday, reaching $12.56. 103 shares of the company’s stock were exchanged, compared to its average volume of 326. The firm’s 50-day moving average is $12.66 and its two-hundred day moving average is $11.90. IG Group has a 52 week low of $8.95 and a 52 week high of $13.31.

IG Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 3rd will be given a $0.1708 dividend. The ex-dividend date is Monday, February 3rd. IG Group’s payout ratio is 62.58%.

IG Group Company Profile

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.