IGM Financial Inc. (OTCMKTS:IGIFF) Short Interest Up 8.4% in November

IGM Financial Inc. (OTCMKTS:IGIFF) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 728,200 shares, an increase of 8.4% from the October 31st total of 671,900 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 134.9 days.

IGM Financial Trading Down 0.7 %

IGIFF stock opened at $33.27 on Wednesday. The company has a 50 day moving average of $31.31 and a two-hundred day moving average of $29.06. IGM Financial has a 12-month low of $22.81 and a 12-month high of $33.90.

IGM Financial Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.4091 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 5.55%. IGM Financial’s dividend payout ratio (DPR) is currently 67.85%.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.