India Globalization Capital, Inc. (NYSEAMERICAN:IGC) Short Interest Up 8.7% in August

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India Globalization Capital, Inc. (NYSEAMERICAN:IGC) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,062,200 shares, an increase of 8.7% from the July 31st total of 977,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.1% of the shares of the company are short sold.

Shares of India Globalization Capital stock opened at $1.13 on Monday. India Globalization Capital has a one year low of $0.25 and a one year high of $3.30.

India Globalization Capital (NYSEAMERICAN:IGC) last announced its quarterly earnings data on Friday, August 9th. The construction company reported ($0.03) EPS for the quarter. The business had revenue of $1.65 million for the quarter.

A number of institutional investors have recently made changes to their positions in IGC. Vanguard Group Inc. purchased a new position in India Globalization Capital during the 2nd quarter worth $745,000. Carroll Financial Associates Inc. purchased a new position in India Globalization Capital during the 2nd quarter worth $352,000. Anson Funds Management LP purchased a new position in India Globalization Capital during the 2nd quarter worth $155,000. Bank of Montreal Can purchased a new position in India Globalization Capital during the 1st quarter worth $135,000. Finally, Northern Trust Corp purchased a new position in India Globalization Capital during the 2nd quarter worth $68,000.

India Globalization Capital Company Profile

India Globalization Capital, Inc engages in the development and commercialization 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 operates through two segments, Legacy Infrastructure and Medical Cannabis Based Alternative Therapies.

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