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

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of a significant increase in short interest during 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 trading volume of 319 shares, the days-to-cover ratio is currently 1.2 days.

IG Group Stock Performance

IGGHY remained flat at $19.00 during trading hours on Friday. 1 shares of the company traded hands, compared to its average volume of 564. The firm has a 50 day moving average of $22.66 and a 200-day moving average of $21.14. IG Group has a 12 month low of $13.35 and a 12 month high of $25.00.

Wall Street Analyst Weigh In

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