Impax Asset Management Group Plc (OTCMKTS:IPXAF) Sees Significant Growth in Short Interest

Impax Asset Management Group Plc (OTCMKTS:IPXAF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 24,236 shares, an increase of 520.6% from the May 31st total of 3,905 shares. Based on an average trading volume of 364 shares, the days-to-cover ratio is currently 66.6 days.

Impax Asset Management Group Stock Performance

IPXAF remained flat at $1.38 during midday trading on Friday. Impax Asset Management Group has a 52-week low of $1.34 and a 52-week high of $2.82. The business’s fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.77.

Impax Asset Management Group Company Profile

Impax Asset Management Group Plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors. It employs both fundamental to make its investments. The company was formerly known as Impax Group plc and changed its name to Impax Asset Management Group plc in October 2009.