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

IWG plc (OTCMKTS:IWGFF – Get Rating) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 2,128,900 shares, a decrease of 14.1% from the April 15th total of 2,478,500 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 453.0 days.

IWG Price Performance

Shares of IWGFF opened at $2.01 on Tuesday. The firm has a 50-day moving average price of $2.07 and a 200 day moving average price of $2.09. IWG has a 12-month low of $1.31 and a 12-month high of $3.16.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IWGFF. Barclays lowered IWG from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 3rd. Royal Bank of Canada lifted their price objective on IWG from GBX 150 ($1.88) to GBX 190 ($2.38) in a research note on Thursday, March 9th.

About IWG

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IWG Plc is a holding company, which engages in the provision of workspace solutions through multiple brands. The firm offers office space, membership, meeting rooms, co-working, virtual office, and workplace recovery solutions. It operates through the following geographical segments: Americas, EMEA, Asia Pacific, United Kingdom, and Other.