IG Group Holdings plc (OTCMKTS:IGGHY) Short Interest Update

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

IG Group Price Performance

Shares of IG Group stock remained flat at $11.18 during trading on Friday. The company had a trading volume of 4 shares, compared to its average volume of 1,001. IG Group has a 12 month low of $8.95 and a 12 month high of $13.31. The stock has a 50-day simple moving average of $12.07 and a 200-day simple moving average of $11.91.

IG Group Cuts Dividend

The business 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 payout ratio is presently 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.