Short Interest in IG Group Holdings plc (OTCMKTS:IGGHY) Drops By 71.7%

IG Group Holdings plc (OTCMKTS:IGGHY) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 266 shares, a drop of 71.7% from the April 15th total of 939 shares. Based on an average trading volume of 173 shares, the days-to-cover ratio is currently 1.5 days.

IG Group Price Performance

Shares of OTCMKTS:IGGHY remained flat at $21.00 during trading on Wednesday. 2 shares of the stock traded hands, compared to its average volume of 305. The business’s 50-day simple moving average is $19.45 and its two-hundred day simple moving average is $17.35. IG Group has a 52-week low of $13.35 and a 52-week high of $21.00.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IGGHY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IG Group in a report on Thursday, April 9th. Barclays reaffirmed an “overweight” rating on shares of IG Group in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IG Group 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.