IP Group Plc (OTCMKTS:IPZYF) Sees Significant Growth in Short Interest

IP Group Plc (OTCMKTS:IPZYF) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 18,450 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

IP Group Stock Performance

Shares of IP Group stock remained flat at $0.91 during trading hours on Thursday. 100 shares of the stock traded hands, compared to its average volume of 31,729. The company’s fifty day moving average price is $0.85 and its 200-day moving average price is $0.82. IP Group has a fifty-two week low of $0.76 and a fifty-two week high of $0.91.

IP Group Company Profile

IP Group plc is a UK‐based intellectual property commercialization company that partners with leading universities and research institutions to identify, develop and invest in technology‐based businesses. Founded in 2001 and headquartered in London, the company supports the full life cycle of spin-out creation—from early‐stage research through to growth capital and exit. In addition to its primary listing on the London Stock Exchange, its American Depositary Shares trade in the United States under the ticker IPZYF on the OTC Markets.

The firm’s core activities include sourcing promising technologies from academic research, providing seed and venture funding, and offering strategic guidance on licensing, governance and business development.