IG Group Holdings plc (OTCMKTS:IGGHY – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a decline of 85.7% from the March 15th total of 2,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 3.0 days.
IG Group Stock Performance
OTCMKTS:IGGHY remained flat at $12.30 during mid-day trading on Wednesday. IG Group has a 52-week low of $9.15 and a 52-week high of $13.58. The company has a fifty day moving average of $11.52 and a 200 day moving average of $11.86.
IG Group Cuts Dividend
The business also recently declared a dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 3rd were issued a $0.1708 dividend. The ex-dividend date was Monday, February 3rd. IG Group’s dividend payout ratio is currently 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.
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