Short Interest in IGM Financial Inc. (OTCMKTS:IGIFF) Expands By 8.4%

IGM Financial Inc. (OTCMKTS:IGIFF) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 728,200 shares, a growth of 8.4% from the October 31st total of 671,900 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is presently 134.9 days.

IGM Financial Stock Down 0.1 %

IGIFF stock traded down $0.04 during trading on Monday, reaching $33.51. The stock had a trading volume of 559 shares, compared to its average volume of 10,811. The stock’s 50 day moving average is $31.17 and its two-hundred day moving average is $28.97. IGM Financial has a 52 week low of $22.81 and a 52 week high of $33.90.

IGM Financial Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.4091 per share. The ex-dividend date was Friday, September 27th. This represents a yield of 5.55%. IGM Financial’s dividend payout ratio is presently 67.85%.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.