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

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of 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 volume of 319 shares, the short-interest ratio is currently 1.2 days.

IG Group Price Performance

Shares of IGGHY remained flat at $19.00 during mid-day trading on Thursday. 2 shares of the stock were exchanged, compared to its average volume of 564. IG Group has a fifty-two week low of $13.35 and a fifty-two week high of $25.00. The stock’s 50-day simple moving average is $22.90 and its 200-day simple moving average is $21.16.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IGGHY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of IG Group in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IG Group in a report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IG Group currently has a consensus 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.