Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Decreases By 20.0%

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large decrease in short interest in 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 presently 0.9 days.

IG Group Price Performance

Shares of IGGHY opened at $11.18 on Monday. IG Group has a 1 year low of $8.95 and a 1 year high of $13.31. The stock has a 50 day simple moving average of $12.49 and a 200-day simple moving average of $11.95.

IG Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 3rd were issued a $0.1708 dividend. The ex-dividend date of this dividend was Monday, February 3rd. IG Group’s payout ratio is presently 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.