ITG Inc. (NASDAQ:ITG – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 437,461 shares, an increase of ∞ from the June 30th total of 0 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,033,993 shares, the short-interest ratio is presently 0.4 days.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ITG. Citigroup assumed coverage on ITG in a research report on Monday. They set a “buy” rating and a $17.00 target price on the stock. Zacks Research raised ITG to a “hold” rating in a report on Tuesday. UBS Group started coverage on ITG in a research report on Monday. They issued a “buy” rating and a $18.00 price objective for the company. Morgan Stanley began coverage on ITG in a research note on Monday. They set an “overweight” rating and a $19.00 target price for the company. Finally, Truist Financial initiated coverage on ITG in a research report on Monday. They set a “buy” rating and a $16.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $17.56.
Read Our Latest Analysis on ITG
ITG Stock Performance
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.
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