Insurance Australia Group Limited (OTCMKTS:IAUGY) Short Interest Down 98.0% in August

Insurance Australia Group Limited (OTCMKTS:IAUGY) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3 shares, a drop of 98.0% from the July 30th total of 152 shares. Based on an average daily trading volume, of 150 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Insurance Australia Group Stock Performance

OTCMKTS IAUGY opened at $30.45 on Thursday. Insurance Australia Group has a fifty-two week low of $21.58 and a fifty-two week high of $30.71. The business has a 50 day moving average price of $28.80 and a two-hundred day moving average price of $26.94.

Analysts Set New Price Targets

IAUGY has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Insurance Australia Group to a “buy” rating in a research note on Wednesday, June 24th. Zacks Research raised shares of Insurance Australia Group to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Insurance Australia Group has an average rating of “Moderate Buy”.

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.