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

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

IG Group Stock Performance

IGGHY stock remained flat at $19.00 on Friday. 2 shares of the company traded hands, compared to its average volume of 564. IG Group has a 52 week low of $13.35 and a 52 week high of $25.00. The company has a 50-day moving average of $22.78 and a 200-day moving average of $21.16.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of IG Group in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IG Group in a report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, IG Group currently has an average 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.