Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 195 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 982 shares, the short-interest ratio is currently 0.2 days.
Insurance Australia Group Stock Up 7.9%
IAUGY stock traded up $2.25 during trading on Friday, reaching $30.84. 35 shares of the company were exchanged, compared to its average volume of 174. Insurance Australia Group has a 52-week low of $21.58 and a 52-week high of $30.95. The stock’s 50 day moving average price is $28.98 and its 200 day moving average price is $27.28.
About Insurance Australia Group
Insurance Australia Group Limited (OTCMKTS:IAUGY) is a general insurance company headquartered in Australia. The group provides insurance products for individuals, businesses and organizations, with offerings that include motor vehicle, home and contents, travel, workers’ compensation, liability, property and commercial insurance.
IAG operates through a portfolio of established brands, including NRMA Insurance, CGU, WFI, NZI and AMI. Its products are distributed through direct channels, brokers, financial institutions and other business partners, serving both personal and commercial customers.
The company primarily serves customers in Australia and New Zealand.
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