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

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of a large drop in short interest in the month of 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 short-interest ratio is currently 1.5 days.

IG Group Price Performance

Shares of IGGHY remained flat at $21.00 during mid-day trading on Wednesday. 2 shares of the company traded hands, 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 firm’s fifty day simple moving average is $19.45 and its 200 day simple moving average is $17.35.

Analyst Ratings Changes

A number of research firms recently weighed in on IGGHY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IG Group in a report on Thursday, April 9th. Barclays reaffirmed an “overweight” rating on shares of IG Group in a report on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

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.