Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Grows By 92.3%

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of a significant increase in short interest during the month of 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 short-interest ratio is presently 1.7 days.

IG Group Price Performance

Shares of IGGHY remained flat at $21.75 on Friday. 2 shares of the company traded hands, compared to its average volume of 285. IG Group has a 12 month low of $13.35 and a 12 month high of $22.55. The firm has a 50 day simple moving average of $20.80 and a 200 day simple moving average of $18.39.

Analysts Set New Price Targets

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