IG Group Holdings plc (OTCMKTS:IGGHY) Short Interest Up 92.3% in May

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of a large increase in short interest during 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 trading volume, of 73 shares, the short-interest ratio is currently 1.7 days.

Analysts Set New Price Targets

IGGHY has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating on shares of IG Group in a research note on Wednesday, May 20th. Barclays restated an “overweight” rating on shares of IG Group in a research note on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IG Group in a research note on Friday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

IG Group Stock Performance

IG Group stock remained flat at $21.75 during trading on Monday. The company had a trading volume of 2 shares, compared to its average volume of 285. IG Group has a one year low of $13.35 and a one year high of $22.55. The business’s 50 day moving average is $20.86 and its 200-day moving average is $18.47.

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.