Short Interest in IP Group Plc (OTCMKTS:IPZYF) Expands By 2,751,400.0%

IP Group Plc (OTCMKTS:IPZYF) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 27,515 shares, an increase of 2,751,400.0% from the August 15th total of 1 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

IP Group Stock Performance

IPZYF remained flat at $0.91 during trading on Thursday. IP Group has a 1 year low of $0.76 and a 1 year high of $0.91. The company’s 50 day moving average is $0.91 and its 200 day moving average is $0.86.

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.