Short Interest in India Globalization Capital Inc. (NYSEAMERICAN:IGC) Drops By 12.3%

India Globalization Capital Inc. (NYSEAMERICAN:IGC) saw a large drop in short interest in March. As of March 29th, there was short interest totalling 356,431 shares, a drop of 12.3% from the March 15th total of 406,273 shares. Based on an average daily volume of 422,468 shares, the short-interest ratio is currently 0.8 days. Currently, 1.4% of the shares of the stock are short sold.

Shares of IGC stock opened at $0.60 on Wednesday. India Globalization Capital has a fifty-two week low of $0.30 and a fifty-two week high of $1.63.

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India Globalization Capital (NYSEAMERICAN:IGC) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.76 million during the quarter. India Globalization Capital had a negative net margin of 69.92% and a negative return on equity of 31.15%.

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About India Globalization Capital

India Globalization Capital, Inc engages in the development of cannabis-based therapies to treat Alzheimer's, pain, nausea, eating disorders, several end points of Parkinson's, and epilepsy in humans, dogs, and cats. The company's products under medical trials include Natrinol, a natural substitute for Marinol for relieving nausea, vomiting, and increasing appetite in patients with AIDS and cancer; Caesafin to alleviate seizures in dogs and cats; Serosapse addresses several end points in Parkinson's disease, including Rapid Eye Movement sleep disorder, anxiety, and dyskinesia; and Hyalolex to reduce the buildup of beta-amyloid in Alzheimer's patients.

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