Short Interest in Insurance Australia Group Limited (OTCMKTS:IAUGY) Expands By 100.0%

Insurance Australia Group Limited (OTCMKTS:IAUGY) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 200 shares, a growth of 100.0% from the January 31st total of 100 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 0.3 days.

Insurance Australia Group Stock Performance

Shares of OTCMKTS:IAUGY traded down $1.53 during mid-day trading on Friday, reaching $23.23. 395 shares of the company were exchanged, compared to its average volume of 511. Insurance Australia Group has a 1 year low of $19.53 and a 1 year high of $29.39. The firm’s 50-day simple moving average is $25.99 and its 200 day simple moving average is $25.39.

Insurance Australia Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, February 24th will be given a $0.3772 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Insurance Australia Group’s previous dividend of $0.29. Insurance Australia Group’s dividend payout ratio (DPR) is currently 69.30%.

Insurance Australia Group Company Profile

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand. It offers personal and commercial insurance products, including bicycle, comprehensive motor, commercial and motor fleet, commercial property and liability, construction and engineering, consumer credit, compulsory third party, directors and officers, extended warranty, farm, crop, livestock, home and contents, income protection, marine, veteran, vintage and classic car, boat, caravan, travel, life, professional indemnity, public and product liability, security, workers' compensation, motor vehicle, personal liability, business, and rural and horticultural, as well as reinsurance.