Ingenia Communities Group (OTCMKTS:INGEF – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 245,748 shares, a drop of 58.1% from the September 15th total of 585,970 shares. Based on an average daily trading volume, of 111 shares, the days-to-cover ratio is currently 2,213.9 days.
Ingenia Communities Group Stock Performance
OTCMKTS:INGEF remained flat at $3.16 during trading hours on Thursday. The firm’s fifty day moving average price is $2.94 and its 200 day moving average price is $2.91. Ingenia Communities Group has a 1-year low of $2.45 and a 1-year high of $4.25.
Ingenia Communities Group Company Profile
Ingenia Communities Group is an Australian property group that owns, develops and manages residential and holiday communities. The group focuses on land-lease communities, where residents own or rent their homes while leasing the underlying land, as well as rental accommodation and tourism-related properties.
Its operations include Ingenia Lifestyle communities for older Australians, Ingenia Gardens rental communities, and Ingenia Holidays parks offering short-term accommodation, cabins and sites for caravans and camping.
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