IWG plc (OTCMKTS:IWGFF) Sees Large Decline in Short Interest

IWG plc (OTCMKTS:IWGFF) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 488,900 shares, a decrease of 20.0% from the September 15th total of 610,900 shares. Based on an average daily volume of 59,400 shares, the days-to-cover ratio is currently 8.2 days.

IWG Stock Performance

Shares of IWGFF traded up $0.02 during trading hours on Tuesday, reaching $2.22. The company had a trading volume of 1,200 shares, compared to its average volume of 32,053. IWG has a 12-month low of $1.58 and a 12-month high of $2.63. The firm has a 50 day simple moving average of $2.28 and a 200-day simple moving average of $2.30.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.