IG Group Holdings plc (OTCMKTS:IGGHY) Short Interest Down 85.7% in March

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 300 shares, a decrease of 85.7% from the March 15th total of 2,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 3.0 days.

IG Group Trading Up 15.5 %

OTCMKTS IGGHY traded up $1.65 on Tuesday, hitting $12.30. 105 shares of the stock were exchanged, compared to its average volume of 734. The company’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $11.86. IG Group has a 52-week low of $9.15 and a 52-week high of $13.58.

IG Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 3rd were paid a $0.1708 dividend. The ex-dividend date of this dividend was Monday, February 3rd. IG Group’s dividend payout ratio is presently 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.