IGM Financial Inc. (OTCMKTS:IGIFF) Short Interest Up 12.2% in September

IGM Financial Inc. (OTCMKTS:IGIFF) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 624,400 shares, a growth of 12.2% from the August 31st total of 556,400 shares. Based on an average trading volume of 500 shares, the short-interest ratio is presently 1,248.8 days.

IGM Financial Price Performance

OTCMKTS IGIFF traded up $0.41 on Friday, hitting $30.42. The stock had a trading volume of 70 shares, compared to its average volume of 10,590. The business’s fifty day moving average price is $28.44 and its 200 day moving average price is $27.17. IGM Financial has a 52-week low of $22.14 and a 52-week high of $30.45.

IGM Financial Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.4091 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 5.55%. IGM Financial’s payout ratio is 67.85%.

About IGM Financial

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.