IG Group Holdings plc (OTCMKTS:IGGHY) Sees Large Growth in Short Interest

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,300 shares, a growth of 85.7% from the January 15th total of 700 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 6.5 days.

IG Group Stock Down 4.4 %

IGGHY stock traded down $0.58 during mid-day trading on Friday, hitting $12.56. The company had a trading volume of 103 shares, compared to its average volume of 326. IG Group has a 12-month low of $8.95 and a 12-month high of $13.31. The company has a 50-day moving average price of $12.66 and a 200 day moving average price of $11.90.

IG Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.1708 per share. The ex-dividend date of this dividend is Monday, February 3rd. IG Group’s dividend payout ratio is presently 62.58%.

About IG Group

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.