Insurance Australia Group Limited (OTCMKTS:IAUGY) Short Interest Up 100.0% in February

Insurance Australia Group Limited (OTCMKTS:IAUGY) saw a large growth in short interest during 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 trading volume of 800 shares, the short-interest ratio is presently 0.3 days.

Insurance Australia Group Price Performance

Shares of OTCMKTS:IAUGY traded down $1.53 on Friday, reaching $23.23. 395 shares of the company traded hands, compared to its average volume of 511. Insurance Australia Group has a fifty-two week low of $19.53 and a fifty-two week high of $29.39. The company’s 50 day moving average is $25.99 and its 200-day moving average is $25.40.

Insurance Australia Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, February 24th will be given a dividend of $0.3772 per share. The ex-dividend date is Monday, February 24th. This is an increase from Insurance Australia Group’s previous dividend of $0.29. Insurance Australia Group’s dividend payout ratio is 69.30%.

About Insurance Australia Group

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.