ITG Inc. (NASDAQ:ITG) Stock Short Interest Climbs 209.3%

ITG Inc. (NASDAQ:ITG) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,758,379 shares, an increase of 209.3% from the September 15th total of 568,503 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 809,983 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

ITG has been the topic of a number of analyst reports. Stifel Nicolaus began coverage on shares of ITG in a research report on Monday, July 27th. They set a “buy” rating and a $16.00 price objective on the stock. Robert W. Baird started coverage on shares of ITG in a report on Monday, July 27th. They issued an “outperform” rating and a $19.00 target price for the company. UBS Group began coverage on shares of ITG in a report on Monday, July 27th. They issued a “buy” rating and a $18.00 target price for the company. Truist Financial dropped their price target on shares of ITG from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Citigroup began coverage on shares of ITG in a report on Monday, July 27th. They set a “buy” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.22.

ITG Trading Up 0.3%

Shares of NASDAQ ITG opened at $7.50 on Wednesday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 23.48. The company has a 50 day moving average price of $11.32. ITG has a 52-week low of $6.55 and a 52-week high of $19.26.

ITG (NASDAQ:ITG) last announced its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) EPS for the quarter. The firm had revenue of $333.92 million during the quarter. Research analysts predict that ITG will post 0.54 earnings per share for the current fiscal year.

About ITG

Investment Technology Group, Inc (NASDAQ: ITG) was a financial technology and brokerage company that provided electronic trading, transaction research and investment technology services to institutional investors. Its offerings were designed to help asset managers, hedge funds and other professional investors execute trades, analyze market activity and manage trading costs.

ITG operated trading platforms and alternative trading systems, including POSIT, an electronic crossing network that matched buy and sell orders.