IWG plc (OTCMKTS:IWGFF) Sees Large Growth in Short Interest

IWG plc (OTCMKTS:IWGFF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,204,400 shares, an increase of 133.1% from the December 31st total of 516,600 shares. Based on an average daily volume of 506,500 shares, the days-to-cover ratio is currently 2.4 days.

IWG Stock Performance

IWGFF traded down $0.06 during trading hours on Wednesday, hitting $2.09. 226,657 shares of the company’s stock were exchanged, compared to its average volume of 459,375. IWG has a 1-year low of $1.80 and a 1-year high of $2.63. The stock’s 50-day moving average is $2.04 and its two-hundred day moving average is $2.17.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.