Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 195 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 982 shares, the days-to-cover ratio is currently 0.2 days.
Insurance Australia Group Trading Up 7.9%
Shares of OTCMKTS:IAUGY traded up $2.25 during midday trading on Friday, reaching $30.84. The company had a trading volume of 35 shares, compared to its average volume of 174. Insurance Australia Group has a 1-year low of $21.58 and a 1-year high of $30.95. The company has a fifty day simple moving average of $28.98 and a two-hundred day simple moving average of $27.28.
About Insurance Australia Group
Insurance Australia Group Limited (OTCMKTS:IAUGY) is a general insurance company headquartered in Australia. The group provides insurance products for individuals, businesses and organizations, with offerings that include motor vehicle, home and contents, travel, workers’ compensation, liability, property and commercial insurance.
IAG operates through a portfolio of established brands, including NRMA Insurance, CGU, WFI, NZI and AMI. Its products are distributed through direct channels, brokers, financial institutions and other business partners, serving both personal and commercial customers.
The company primarily serves customers in Australia and New Zealand.
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