IP Group Plc (OTCMKTS:IPZYF – Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,386 shares, a drop of 94.0% from the April 30th total of 23,170 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.
IP Group Price Performance
IP Group stock remained flat at $0.86 during midday trading on Wednesday. The company’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.79. IP Group has a 52-week low of $0.76 and a 52-week high of $0.88.
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.
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