Is Buying India Globalization Capital Incorporated (NYSEAMERICAN:IGC) Here Good Idea?

February 13, 2018 - By Louis Casey

 Is Buying India Globalization Capital Incorporated (NYSEAMERICAN:IGC) Here Good Idea?

The stock of India Globalization Capital Incorporated (NYSEAMERICAN:IGC) registered an increase of 9.74% in short interest. IGC’s total short interest was 544,300 shares in February as published by FINRA. Its up 9.74% from 496,000 shares, reported previously. With 556,300 shares average volume, it will take short sellers 1 days to cover their IGC’s short positions. The short interest to India Globalization Capital Incorporated’s float is 2.51%.

The stock increased 2.61% or $0.0196 during the last trading session, reaching $0.7695. About 344,602 shares traded. India Globalization Capital, Inc. (NYSEAMERICAN:IGC) has risen 7.79% since February 13, 2017 and is uptrending. It has underperformed by 8.91% the S&P500.

India Globalization Capital, Inc. engages in the development of cannabis therapies to treat AlzheimerÂ’s, pain, nausea, eating disorders, several end points of ParkinsonÂ’s, and epilepsy in humans, dogs, and cats. The company has market cap of $21.61 million. The companyÂ’s products under medical trials include Natrinol, a natural substitute for Marinol for relieving nausea, vomiting, and increasing appetite in patients with AIDS and cancer; Caesafin to alleviate seizures in dogs and cats; Serosapse addresses several end points in ParkinsonÂ’s disease, including Rapid Eye Movement sleep disorder, anxiety, and dyskinesia; and Hyalolex to reduce the buildup of beta-amyloid in AlzheimerÂ’s patients. It currently has negative earnings. It also provides construction management services for the construction of a 7-star hotel in Genting Malaysia; and rents heavy equipment with operators to construction companies.

More notable recent India Globalization Capital, Inc. (NYSEAMERICAN:IGC) news were published by: Globenewswire.com which released: “India Globalization Capital’s CEO to Speak at CEO Healthcare Symposium in NY …” on February 12, 2018, also Globenewswire.com with their article: “India Globalization Capital Reports Promising Spatial Memory Results in …” published on January 02, 2018, Globenewswire.com published: “Ram Mukunda, CEO of India Globalization Capital, Inc., Joins Everett Jolly on …” on February 08, 2018. More interesting news about India Globalization Capital, Inc. (NYSEAMERICAN:IGC) were released by: Globenewswire.com and their article: “India Globalization Capital Inc. Engages CFN Media to Develop New Investor …” published on January 22, 2018 as well as Benzinga.com‘s news article titled: “A Cryptocannabis Rally: India Globalization Capital Spikes 100%” with publication date: December 26, 2017.

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