IG Group Holdings plc (OTCMKTS:IGGHY) Sees Significant Decline in Short Interest

IG Group Holdings plc (OTCMKTS:IGGHY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 300 shares, a decrease of 80.0% from the June 30th total of 1,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 3.0 days.

IG Group Stock Performance

OTCMKTS:IGGHY remained flat at $10.40 during midday trading on Thursday. 7 shares of the company traded hands, compared to its average volume of 1,053. IG Group has a one year low of $7.30 and a one year high of $11.52. The company’s fifty day simple moving average is $10.47 and its 200 day simple moving average is $9.65.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.