Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Rises By 85.7%

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient 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 daily volume of 200 shares, the short-interest ratio is currently 6.5 days.

IG Group Stock Down 4.4 %

IG Group stock traded down $0.58 during trading hours on Friday, reaching $12.56. 103 shares of the company were exchanged, 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 stock has a 50-day moving average of $12.66 and a 200 day moving average of $11.90.

IG Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 3rd will be paid a $0.1708 dividend. The ex-dividend date is Monday, February 3rd. IG Group’s 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.