Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Declines By 71.7%

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 266 shares, a drop of 71.7% from the April 15th total of 939 shares. Based on an average trading volume of 173 shares, the days-to-cover ratio is currently 1.5 days.

IG Group Price Performance

Shares of IG Group stock remained flat at $21.00 during trading on Friday. The stock had a trading volume of 2 shares, compared to its average volume of 305. IG Group has a 52-week low of $13.35 and a 52-week high of $21.00. The company has a fifty day moving average price of $19.54 and a 200-day moving average price of $17.42.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays reaffirmed an “overweight” rating on shares of IG Group in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently 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.