Interactive Brokers Group Short Interest Down 38.5% in April (IBKR)
Shares of Interactive Brokers Group (NASDAQ:IBKR) were the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 719,868 shares, a decline of 38.5% from the April 15th total of 1,171,142 shares, AR Network reports. Based on an average daily volume of 620,304 shares, the short-interest ratio is presently 1.2 days. Currently, 1.4% of the shares of the company are short sold.
IBKR has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. 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 22.30 on Tuesday. Interactive Brokers Group has a 52 week low of $15.36 and a 52 week high of $25.03. The stock has a 50-day moving average of $22.84 and a 200-day moving average of $22.82. The company has a market cap of $1.219 billion and a price-to-earnings ratio of 23.42.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings data 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 1.79%. 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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