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

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,004 shares, an increase of 27.6% from the January 29th total of 787 shares. Based on an average daily volume of 56 shares, the days-to-cover ratio is currently 17.9 days. Based on an average daily volume of 56 shares, the days-to-cover ratio is currently 17.9 days.

IG Group Stock Performance

Shares of OTCMKTS:IGGHY opened at $18.75 on Wednesday. IG Group has a 1 year low of $10.65 and a 1 year high of $20.00. The firm’s 50-day moving average is $17.55 and its two-hundred day moving average is $15.76.

Wall Street Analysts Forecast Growth

IGGHY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IG Group in a research report on Wednesday, December 17th. Barclays reiterated an “overweight” rating on shares of IG Group in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

IG Group Company Profile

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.