ITG Inc. (NASDAQ:ITG) Short Interest Down 55.7% in July

ITG Inc. (NASDAQ:ITG) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 193,798 shares, a decrease of 55.7% from the July 15th total of 437,461 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 540,806 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

ITG has been the subject of several recent research reports. Wall Street Zen raised ITG to a “hold” rating in a report on Sunday, July 12th. Truist Financial set a $17.00 target price on shares of ITG and gave the stock a “buy” rating in a research note on Monday. KeyCorp assumed coverage on shares of ITG in a report on Monday, July 27th. They set an “overweight” rating and a $17.00 price target on the stock. Morgan Stanley dropped their price target on shares of ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Zacks Research upgraded shares of ITG to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.56.

ITG Price Performance

NASDAQ ITG traded down $0.27 during trading hours on Monday, reaching $12.70. The company’s stock had a trading volume of 62,592 shares, compared to its average volume of 438,228. ITG has a 1 year low of $10.37 and a 1 year high of $19.26.

ITG (NASDAQ:ITG) last released its quarterly earnings data on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $333.92 million for the quarter. As a group, equities research analysts expect that ITG will post 0.51 earnings per share for the current fiscal year.

About ITG

ITG, Inc was a financial services company best known for its institutional brokerage and trading services. The firm provided execution, electronic trading, and related brokerage solutions designed to help asset managers and other institutional investors trade securities more efficiently.

The company also offered portfolio trading, agency trading, and workflow tools that supported the investment process from order generation through execution. Over time, ITG developed technology-enabled services aimed at improving trading performance, transparency, and access to liquidity across equity markets.

ITG served institutional clients in the United States and other major financial markets.