Short Interest in IGM Financial Inc. (OTCMKTS:IGIFF) Declines By 6.1%

IGM Financial Inc. (OTCMKTS:IGIFF) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 683,800 shares, a drop of 6.1% from the November 15th total of 728,200 shares. Based on an average daily trading volume, of 40,800 shares, the short-interest ratio is presently 16.8 days.

IGM Financial Stock Down 1.6 %

Shares of OTCMKTS IGIFF traded down $0.54 during mid-day trading on Monday, hitting $33.11. The company’s stock had a trading volume of 2,460 shares, compared to its average volume of 11,093. IGM Financial has a one year low of $22.81 and a one year high of $33.94. The company’s fifty day simple moving average is $31.92 and its 200-day simple moving average is $29.50.

IGM Financial Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.4091 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 5.55%. IGM Financial’s dividend payout ratio is currently 67.85%.

About IGM Financial

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.