Short Interest in Insurance Australia Group Limited (OTCMKTS:IAUGY) Increases By 195.0%

Insurance Australia Group Limited (OTCMKTS:IAUGY) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 118 shares, a growth of 195.0% from the April 15th total of 40 shares. Based on an average daily volume of 341 shares, the days-to-cover ratio is currently 0.3 days.

Insurance Australia Group Price Performance

Insurance Australia Group stock remained flat at $26.33 during mid-day trading on Friday. The company’s stock had a trading volume of 62 shares, compared to its average volume of 626. Insurance Australia Group has a fifty-two week low of $21.58 and a fifty-two week high of $29.28. The company has a fifty day moving average of $25.36 and a 200 day moving average of $25.67.

Insurance Australia Group Company Profile

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.