Short Interest in IWG plc (OTCMKTS:IWGFF) Increases By 6.1%

IWG plc (OTCMKTS:IWGFF) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,659,600 shares, a growth of 6.1% from the August 15th total of 4,393,300 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is currently 240.2 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on IWG from GBX 155 ($1.92) to GBX 170 ($2.11) in a report on Thursday, August 10th.

IWG Stock Performance

IWG stock remained flat at $2.20 during mid-day trading on Tuesday. The stock’s 50 day moving average is $2.08 and its 200-day moving average is $2.03. IWG has a 12-month low of $1.31 and a 12-month high of $2.45.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, the United Kingdom, and internationally. The company offers coworking and collaboration spaces; flexible and scalable spaces; work and community spaces; private, professional, and memberships workspaces; virtual offices, meeting rooms, and lounges; and reception services and conference products.