IWG plc (OTCMKTS:IWGFF) Short Interest Up 57.1% in March

IWG plc (OTCMKTS:IWGFF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 849,500 shares, an increase of 57.1% from the February 28th total of 540,900 shares. Based on an average daily trading volume, of 317,700 shares, the days-to-cover ratio is currently 2.7 days.

IWG Price Performance

Shares of IWGFF stock traded up $0.06 during mid-day trading on Friday, hitting $2.47. The company had a trading volume of 51,288 shares, compared to its average volume of 239,056. The stock’s 50 day moving average price is $2.32 and its 200-day moving average price is $2.21. IWG has a 52-week low of $1.80 and a 52-week high of $2.73.

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.