IG Group Holdings plc (OTCMKTS:IGGHY) Stock Short Interest Report for October

IG Group Holdings plc (OTCMKTS:IGGHY) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,320 shares, an increase of 145.5% from the October 15th total of 945 shares. Based on an average daily trading volume, of 1,828 shares, the days-to-cover ratio is currently 1.3 days.

IG Group Stock Performance

Shares of OTCMKTS:IGGHY remained flat at $12.88 during trading on Friday. The stock had a trading volume of 738 shares, compared to its average volume of 854. The stock has a 50 day simple moving average of $15.12 and a two-hundred day simple moving average of $19.49. IG Group has a 52 week low of $11.76 and a 52 week high of $25.00.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of IG Group in a research report on Monday, October 5th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

IG Group Company Profile

IG Group Holdings plc is a United Kingdom-based financial services company that provides online trading and investment services. Founded in 1974 as IG Index, the company initially pioneered financial spread betting and has since expanded into a broader multi-asset trading platform. Through its IG brand, the company offers access to contracts for difference, spread betting, share dealing, exchange-traded funds, options, futures and other financial instruments, subject to local regulations. Its platforms are designed for individual traders and investors and include market analysis, charting tools, educational resources and risk-management features.