Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) was the recipient of 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 short-interest ratio is presently 0.3 days.
Insurance Australia Group Price Performance
Shares of OTCMKTS IAUGY remained flat at $26.33 during mid-day trading on Friday. The stock had a trading volume of 78 shares, compared to its average volume of 626. Insurance Australia Group has a 1 year low of $21.58 and a 1 year high of $29.28. The firm’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $25.67.
About Insurance Australia Group
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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