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

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a large 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 trading volume, of 72 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays restated an “overweight” rating on shares of IG Group in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IG Group in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of IG Group in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

IG Group Stock Performance

Shares of IG Group stock remained flat at $21.75 on Friday. The stock had a trading volume of 5 shares, compared to its average volume of 285. The firm’s 50-day simple moving average is $20.14 and its 200-day simple moving average is $17.87. IG Group has a 12-month low of $13.35 and a 12-month high of $22.55.

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.