IG Group Holdings plc (OTCMKTS:IGGHY) Short Interest Update

IG Group Holdings plc (OTCMKTS:IGGHY) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 65 shares, a decrease of 75.6% from the April 30th total of 266 shares. Based on an average daily trading volume, of 72 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IGGHY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IG Group in a research report on Wednesday, May 20th. Royal Bank Of Canada restated an “outperform” rating on shares of IG Group in a research note on Wednesday, May 20th. Finally, Barclays restated an “overweight” rating on shares of IG Group in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

IG Group Price Performance

IGGHY stock remained flat at $21.75 during midday trading on Friday. The company had a trading volume of 2 shares, compared to its average volume of 285. IG Group has a 52-week low of $13.35 and a 52-week high of $22.55. The stock’s 50 day simple moving average is $20.20 and its 200-day simple moving average is $17.89.

About IG Group

IG Group is a UK-based online trading and financial services firm that offers a broad range of multi-asset solutions to both retail and institutional clients. The company’s core services include spread betting, contracts for difference (CFDs), forex, options, and share trading, all accessible through proprietary web and mobile platforms. IG Group is regulated by the UK Financial Conduct Authority and holds licenses in multiple jurisdictions, ensuring compliance with local market standards and client protections.

Founded in 1974 by entrepreneur Stuart Wheeler, IG Group pioneered the concept of financial spread betting in the UK.