IG Group Holdings plc (OTCMKTS:IGGHY) Short Interest Update

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,200 shares, a decrease of 20.0% from the February 13th total of 1,500 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is currently 0.9 days.

IG Group Price Performance

OTCMKTS IGGHY remained flat at $11.18 during trading on Wednesday. 2 shares of the company’s stock traded hands, compared to its average volume of 1,001. The business’s 50-day moving average price is $12.41 and its two-hundred day moving average price is $11.94. IG Group has a twelve month low of $8.95 and a twelve month high of $13.31.

IG Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1708 per share. The ex-dividend date of this dividend was Monday, February 3rd. IG Group’s payout ratio 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.