Interactive Brokers Group Short Interest Up 60.4% in May (IBKR)
Shares of Interactive Brokers Group (NASDAQ:IBKR) were the target of a large growth in short interest in May. As of May 30th, there was short interest totalling 1,121,292 shares, a growth of 60.4% from the May 15th total of 699,275 shares, American Banking News.com reports. Based on an average daily trading volume, of 306,566 shares, the short-interest ratio is presently 3.7 days. Approximately 2.1% of the shares of the stock are sold short.
In other Interactive Brokers Group news, SVP Milan Galik sold 1,800 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $22.92, for a total transaction of $41,256.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Interactive Brokers Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $25.50 price target on the stock. 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.
Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at 24.00 on Wednesday. Interactive Brokers Group has a 52-week low of $15.82 and a 52-week high of $25.03. The stock has a 50-day moving average of $23.0 and a 200-day moving average of $22.81. The company has a market cap of $1.312 billion and a P/E ratio of 24.76.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group will post $1.19 earnings per share for the current fiscal year.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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