Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Expands By 75.0%

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 2,100 shares, a growth of 75.0% from the February 28th total of 1,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 21.0 days.

IG Group Price Performance

IGGHY remained flat at $11.18 during trading on Friday. 4 shares of the company’s stock traded hands, compared to its average volume of 1,001. The business’s fifty day moving average is $12.07 and its 200 day moving average is $11.91. IG Group has a 1-year low of $8.95 and a 1-year high of $13.31.

IG Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1708 per share. The ex-dividend date of this dividend was Monday, February 3rd. IG Group’s dividend payout ratio (DPR) is currently 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.