IG Group Holdings plc (OTCMKTS:IGGHY) Sees Large Growth in Short Interest

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

IG Group Price Performance

IGGHY traded down $0.58 during trading hours on Friday, reaching $12.56. 103 shares of the company’s stock traded hands, compared to its average volume of 326. The firm has a 50-day moving average price of $12.66 and a 200 day moving average price of $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 firm also recently announced a dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.1708 per share. The ex-dividend date of this dividend 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.