India Globalization Capital, Inc. (NYSEAMERICAN:IGC) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 544,309 shares, a growth of 9.7% from the November 15th total of 496,028 shares. Based on an average daily trading volume, of 556,258 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.5% of the company’s stock are short sold.

Shares of India Globalization Capital (IGC) traded up $0.01 during trading hours on Monday, reaching $0.79. 881,916 shares of the company’s stock traded hands, compared to its average volume of 366,124. India Globalization Capital has a 52-week low of $0.23 and a 52-week high of $0.98.

India Globalization Capital (NYSEAMERICAN:IGC) last issued its quarterly earnings results on Monday, November 20th. The construction company reported ($0.01) EPS for the quarter. The business had revenue of $0.24 million for the quarter. India Globalization Capital had a negative return on equity of 25.75% and a negative net margin of 817.04%.

In other India Globalization Capital news, Chairman Ram Mukunda sold 154,950 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $0.86, for a total transaction of $133,257.00. Following the sale, the chairman now directly owns 2,526,944 shares of the company’s stock, valued at approximately $2,173,171.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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India Globalization Capital Company Profile

India Globalization Capital, Inc develops intellectual property for the treatment of life altering or life threatening conditions, through its research on phytocannabinoid-based therapies, in the United States. The Company also builds farming facilities for leasing. In Malaysia, the Company develops and manages residential and commercial real estate.

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