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 the month of 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 trading volume, of 506,500 shares, the short-interest ratio is currently 2.4 days.

IWG Stock Performance

Shares of IWGFF traded up $0.05 during trading hours on Friday, hitting $2.14. The stock had a trading volume of 211,043 shares, compared to its average volume of 445,410. IWG has a 1-year low of $1.80 and a 1-year high of $2.63. The firm has a 50 day simple moving average of $2.04 and a 200-day simple moving average of $2.17.

IWG Company Profile

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.