Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Grows By 92.3%

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 125 shares, an increase of 92.3% from the May 14th total of 65 shares. Based on an average daily volume of 73 shares, the short-interest ratio is currently 1.7 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of IG Group in a research report on Wednesday, May 20th. Barclays reaffirmed an “overweight” rating on shares of IG Group in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IG Group in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IG Group has a consensus rating of “Buy”.

IG Group Price Performance

Shares of IGGHY stock remained flat at $21.75 during mid-day trading on Friday. 2 shares of the stock were exchanged, compared to its average volume of 285. IG Group has a 12-month low of $13.35 and a 12-month high of $22.55. The firm’s 50 day moving average price is $20.80 and its 200 day moving average price is $18.39.

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.