Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Decreases By 20.0%

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,200 shares, a decrease of 20.0% from the February 13th total of 1,500 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 0.9 days.

IG Group Stock Performance

Shares of OTCMKTS:IGGHY opened at $11.18 on Monday. The business has a 50 day moving average price of $12.49 and a 200 day moving average price of $11.95. IG Group has a twelve month low of $8.95 and a twelve month high of $13.31.

IG Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 3rd were paid a dividend of $0.1708 per share. The ex-dividend date of this dividend was Monday, February 3rd. IG Group’s payout ratio is 62.58%.

IG Group Company Profile

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.