Insurance Australia Group Limited (OTCMKTS:IAUGY) Sees Significant Decrease in Short Interest

Insurance Australia Group Limited (OTCMKTS:IAUGYGet Rating) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 200 shares, a decline of 75.0% from the April 30th total of 800 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 1.0 days.

OTCMKTS IAUGY remained flat at $$16.93 during trading on Thursday. The business’s fifty day simple moving average is $16.28 and its two-hundred day simple moving average is $16.09. Insurance Australia Group has a 52 week low of $14.91 and a 52 week high of $20.00.

About Insurance Australia Group (Get Rating)

Insurance Australia Group Limited operates as a general insurance company in Australia and New Zealand. It offers personal and commercial insurance products, including bicycle, comprehensive motor, commercial and motor fleet, commercial property and liability, construction and engineering, consumer credit, compulsory third party, directors and officers, extended warranty, farm, crop, livestock, home and contents, income protection, marine, veteran, vintage and classic car, boat, caravan, travel, life, professional indemnity, public and product liability, security, workers' compensation, motor vehicle, business, and rural and horticultural, as well as reinsurance.

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