IG Group Holdings plc (OTCMKTS:IGGHY) Sees Significant Decline in Short Interest

IG Group Holdings plc (OTCMKTS:IGGHY) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 300 shares, a drop of 85.7% from the March 15th total of 2,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 3.0 days.

IG Group Stock Performance

IG Group stock traded up $1.65 during mid-day trading on Tuesday, reaching $12.30. The company’s stock had a trading volume of 105 shares, compared to its average volume of 734. IG Group has a twelve month low of $9.15 and a twelve month high of $13.58. The business has a 50 day moving average price of $11.54 and a 200-day moving average price of $11.86.

IG Group Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 3rd were issued a $0.1708 dividend. The ex-dividend date of this dividend was Monday, February 3rd. IG Group’s dividend payout ratio (DPR) 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.