OIA Short Interest Skyrockets 322% in August Amid Heavy Trading

Invmun Incom (NYSE:OIA) experienced a significant increase in short interest in August, according to MarketBeat. The number of shares sold short rose by 321.9% between August 15th and August 31st.

As of August 31st, there were approximately 67,900 shares sold short, representing just 0.1% of the company's total outstanding shares. With an average daily trading volume of 97,319 shares, the days-to-cover ratio for OIA is currently 0.7 days.

The investment management company has seen institutional investors and hedge funds buying and selling its stock in recent quarters. For example, Royal Bank of Canada increased its stake in Invmun Incom by 6.8% during the first quarter, while Baird Financial Group Inc. boosted its position by 31.9% during the second quarter.