Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 118 shares, an increase of 195.0% from the April 15th total of 40 shares. Based on an average trading volume of 341 shares, the days-to-cover ratio is currently 0.3 days.
Insurance Australia Group Stock Performance
Shares of Insurance Australia Group stock remained flat at $26.33 during trading on Thursday. 94 shares of the stock were exchanged, compared to its average volume of 626. The firm’s 50 day moving average price is $25.30 and its 200-day moving average price is $25.67. Insurance Australia Group has a 52 week low of $21.58 and a 52 week high of $29.28.
Insurance Australia Group Company Profile
Insurance Australia Group (OTCMKTS:IAUGY) is a leading general insurance underwriter headquartered in Sydney, Australia. The company provides a broad range of personal and commercial insurance products, including home, motor, travel, business and liability coverage. IAG serves individual policyholders, small to mid-sized enterprises and large corporate clients through a diversified distribution network of brokers, direct sales, affinity partnerships and digital channels.
Formed in 2000 through the merger of several Australian and New Zealand insurers, IAG has since grown to become the largest general insurer in its home markets.
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