Short Interest in Interactive Brokers Group Increases By 52.4% (IBKR)
Shares of Interactive Brokers Group (NASDAQ:IBKR) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,171,142 shares, an increase of 52.4% from the March 31st total of 768,707 shares, StockRatingsNetwork reports. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 909,599 shares, the days-to-cover ratio is currently 1.3 days.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Interactive Brokers Group in a research note on Friday, February 21st. They now have a $23.00 price target on the stock.
Interactive Brokers Group (NASDAQ:IBKR) opened at 23.95 on Monday. Interactive Brokers Group has a 52-week low of $15.36 and a 52-week high of $25.03. The stock’s 50-day moving average is $22.47 and its 200-day moving average is $22.57. The company has a market cap of $1.309 billion and a price-to-earnings ratio of 25.48.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.06. The company had revenue of $355.00 million for the quarter, compared to the consensus estimate of $314.80 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 64.4% on a year-over-year basis. Analysts expect that Interactive Brokers Group will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, May 28th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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