IG Group Holdings plc (OTCMKTS:IGGHY) Short Interest Down 75.6% in May

IG Group Holdings plc (OTCMKTS:IGGHY) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 65 shares, a decrease 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 currently 0.9 days.

IG Group Price Performance

Shares of IGGHY remained flat at $21.75 during trading hours on Friday. 2 shares of the stock were exchanged, compared to its average volume of 285. The firm has a 50-day moving average of $20.20 and a 200 day moving average of $17.89. IG Group has a 1-year low of $13.35 and a 1-year high of $22.55.

Analysts Set New Price Targets

A number of brokerages have commented on IGGHY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IG Group in a research report on Wednesday, May 20th. Royal Bank Of Canada restated an “outperform” rating on shares of IG Group in a research report on Wednesday, May 20th. Finally, Barclays restated an “overweight” rating on shares of IG Group in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IG Group 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.