Short Interest in IP Group Plc (OTCMKTS:IPZYF) Decreases By 99.6%

IP Group Plc (OTCMKTS:IPZYF) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 364 shares, a decrease of 99.6% from the December 15th total of 102,591 shares. Based on an average daily volume of 90,909 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 90,909 shares, the days-to-cover ratio is presently 0.0 days.

IP Group Stock Performance

IP Group stock remained flat at $0.79 on Wednesday. IP Group has a twelve month low of $0.76 and a twelve month high of $0.81. The stock has a fifty day moving average of $0.76 and a two-hundred day moving average of $0.71.

About IP Group

IP Group plc is a UK‐based intellectual property commercialization company that partners with leading universities and research institutions to identify, develop and invest in technology‐based businesses. Founded in 2001 and headquartered in London, the company supports the full life cycle of spin-out creation—from early‐stage research through to growth capital and exit. In addition to its primary listing on the London Stock Exchange, its American Depositary Shares trade in the United States under the ticker IPZYF on the OTC Markets.

The firm’s core activities include sourcing promising technologies from academic research, providing seed and venture funding, and offering strategic guidance on licensing, governance and business development.