Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Drops By 75.6%

IG Group Holdings plc (OTCMKTS:IGGHY) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 65 shares, a drop of 75.6% from the April 30th total of 266 shares. Based on an average daily volume of 72 shares, the short-interest ratio is currently 0.9 days.

IG Group Stock Performance

IG Group stock remained flat at $21.75 during trading hours on Friday. The company’s stock had a trading volume of 5 shares, compared to its average volume of 285. The firm’s 50-day moving average price is $20.14 and its 200 day moving average price is $17.87. IG Group has a twelve month low of $13.35 and a twelve month high of $22.55.

Analyst Ratings Changes

A number of research firms have recently issued reports on IGGHY. Royal Bank Of Canada reiterated an “outperform” rating on shares of IG Group in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IG Group in a research report on Wednesday, May 20th. Finally, Barclays reissued an “overweight” rating on shares of IG Group in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IG Group currently has an average 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.