Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Expands By 216.8%

IG Group Holdings plc (OTCMKTS:IGGHY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 396 shares, a growth of 216.8% from the July 30th total of 125 shares. Based on an average daily trading volume, of 319 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

IGGHY has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of IG Group in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IG Group in a research note on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

IG Group Price Performance

Shares of OTCMKTS IGGHY remained flat at $19.00 during midday trading on Thursday. The stock had a trading volume of 2 shares, compared to its average volume of 564. IG Group has a 12-month low of $13.35 and a 12-month high of $25.00. The stock has a 50 day moving average price of $22.90 and a 200-day moving average price of $21.16.

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.