IP Group Plc (OTCMKTS:IPZYF) Short Interest Down 78.3% in December

IP Group Plc (OTCMKTS:IPZYF) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 102,591 shares, a drop of 78.3% from the November 30th total of 472,771 shares. Based on an average trading volume of 54,727 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 54,727 shares, the days-to-cover ratio is currently 1.9 days.

IP Group Price Performance

IPZYF stock traded down $0.00 during midday trading on Thursday, reaching $0.79. The company had a trading volume of 500,000 shares, compared to its average volume of 267,000. The firm has a 50-day moving average price of $0.73 and a 200-day moving average price of $0.69. IP Group has a 1 year low of $0.76 and a 1 year high of $0.81.

About IP Group

IP Group plc is a UK?based intellectual property commercialization company that partners with leading universities and research institutions to identify, develop and invest in technology?based businesses. Founded in 2001 and headquartered in London, the company supports the full life cycle of spin-out creation—from early?stage research through to growth capital and exit. In addition to its primary listing on the London Stock Exchange, its American Depositary Shares trade in the United States under the ticker IPZYF on the OTC Markets.

The firm’s core activities include sourcing promising technologies from academic research, providing seed and venture funding, and offering strategic guidance on licensing, governance and business development.