IG Group Holdings plc (OTCMKTS:IGGHY) Sees Significant Growth in Short Interest

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 125 shares, an increase of 92.3% from the May 14th total of 65 shares. Based on an average trading volume of 73 shares, the days-to-cover ratio is presently 1.7 days.

IG Group Stock Performance

Shares of IG Group stock remained flat at $21.75 during mid-day trading on Tuesday. IG Group has a 12 month low of $13.35 and a 12 month high of $22.55. The firm has a fifty day moving average of $20.86 and a 200-day moving average of $18.47.

Analyst Ratings Changes

Several research firms have commented on IGGHY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IG Group in a research report on Friday. Barclays reissued an “overweight” rating on shares of IG Group in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of IG Group in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.