Insurance Australia Group Limited (OTCMKTS:IAUGY) Sees Large Drop in Short Interest

Insurance Australia Group Limited (OTCMKTS:IAUGYGet Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 3 shares, a decrease of 98.0% from the July 30th total of 152 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 150 shares, the days-to-cover ratio is presently 0.0 days.

Insurance Australia Group Price Performance

OTCMKTS:IAUGY traded up $0.69 on Wednesday, reaching $30.45. 64 shares of the company’s stock traded hands, compared to its average volume of 136. The stock has a 50-day simple moving average of $28.71 and a 200-day simple moving average of $26.91. Insurance Australia Group has a 12 month low of $21.58 and a 12 month high of $30.71.

Analysts Set New Price Targets

IAUGY has been the topic of several research reports. The Goldman Sachs Group raised Insurance Australia Group to a “buy” rating in a research report on Wednesday, June 24th. Zacks Research raised shares of Insurance Australia Group to a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Report on Insurance Australia Group

Insurance Australia Group Company Profile

(Get Free Report)

Insurance Australia Group (OTCMKTS:IAUGY) is a leading general insurance underwriter headquartered in Sydney, Australia. The company provides a broad range of personal and commercial insurance products, including home, motor, travel, business and liability coverage. IAG serves individual policyholders, small to mid-sized enterprises and large corporate clients through a diversified distribution network of brokers, direct sales, affinity partnerships and digital channels.

Formed in 2000 through the merger of several Australian and New Zealand insurers, IAG has since grown to become the largest general insurer in its home markets.

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