Short Interest in IP Group Plc (OTCMKTS:IPZYF) Declines By 94.0%

IP Group Plc (OTCMKTS:IPZYF) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 1,386 shares, a decline of 94.0% from the April 30th total of 23,170 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

IP Group Stock Performance

Shares of IPZYF remained flat at $0.86 during mid-day trading on Thursday. The firm’s 50-day simple moving average is $0.82 and its two-hundred day simple moving average is $0.79. IP Group has a twelve month low of $0.76 and a twelve month high of $0.88.

IP Group Company Profile

IP Group plc is a UK‐based intellectual property commercialization company that partners with leading universities and research institutions to identify, develop and invest in technology‐based businesses. Founded in 2001 and headquartered in London, the company supports the full life cycle of spin-out creation—from early‐stage research through to growth capital and exit. In addition to its primary listing on the London Stock Exchange, its American Depositary Shares trade in the United States under the ticker IPZYF on the OTC Markets.

The firm’s core activities include sourcing promising technologies from academic research, providing seed and venture funding, and offering strategic guidance on licensing, governance and business development.