IG Group Holdings plc (OTCMKTS:IGGHY – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 945 shares, a growth of 219.3% from the September 30th total of 296 shares. Based on an average trading volume of 2,487 shares, the short-interest ratio is currently 0.4 days.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada reissued 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. According to MarketBeat, the stock has an average rating of “Buy”.
Check Out Our Latest Stock Report on IG Group
IG Group Trading Up 5.8%
Shares of IG Group stock opened at $13.46 on Friday. IG Group has a one year low of $12.08 and a one year high of $25.00. The business’s 50 day moving average price is $16.43 and its 200 day moving average price is $19.68.
IG Group Company Profile
IG Group plc is a United Kingdom-based financial technology and online trading company. Through its IG brand, the group provides access to contracts for difference (CFDs), spread betting, foreign exchange, shares, exchange-traded funds, options and other financial products. It also offers investment and trading tools, market analysis, educational resources and related services for retail and professional clients.
Founded in London in 1974 by Stuart Wheeler as Investors Gold Index, the company initially offered leveraged exposure to gold before expanding into broader markets and becoming an online trading provider.
See Also
- Five stocks we like better than IG Group
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
Receive News & Ratings for IG Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IG Group and related companies with MarketBeat.com's FREE daily email newsletter.
