Ingenia Communities Group (OTCMKTS:INGEF – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 245,748 shares, a decrease of 58.1% from the September 15th total of 585,970 shares. Based on an average daily trading volume, of 111 shares, the short-interest ratio is currently 2,213.9 days.
Ingenia Communities Group Price Performance
Shares of INGEF remained flat at $3.16 during mid-day trading on Wednesday. The company’s 50-day moving average price is $2.93 and its two-hundred day moving average price is $2.91. Ingenia Communities Group has a 52 week low of $2.45 and a 52 week high of $4.25.
About Ingenia Communities Group
Ingenia Communities Group is an Australian property group focused on developing, owning and operating communities designed primarily for older Australians, as well as holiday and lifestyle destinations. The group’s portfolio includes land-lease communities, residential rental villages and holiday parks.
Through its Ingenia Lifestyle business, the company develops and manages communities where residents own their homes while leasing the underlying land. Its Ingenia Gardens communities provide rental accommodation and services for older residents, while Ingenia Holiday Parks offers short-term accommodation and leisure facilities across a range of Australian destinations.
Ingenia Communities Group serves the Australian market, with properties and development activities in states including New South Wales, Queensland and Victoria.
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