Short Interest Update on Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : The traders have covered their outstanding shorts in Interactive Brokers Group (IBKR) to the tune of -158,786 shares, a change of -5.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 3,023,170 shares, however, by August 15, 2016, the shorts had reduced to 2,864,384 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 4.6% of the free float of the stock. It takes 8 days to cover the outstanding short positions. The stock has an average daily volume of 364,040 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Interactive Brokers Group (NASDAQ:IBKR): The stock opened at $35.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.29 for the day. The stock traded down to $34.99 during the day, due to lack of any buying support eventually closed down at $35.06 with a loss of -0.43% for the day. The stock had closed at $35.21 on the previous day. The total traded volume was 248,131 shares.


In a related news,The director officer (Vice Chairman) of Interactive Brokers Group, Inc., Nemser Earl H sold 4,000 shares at $40.21 on April 22, 2016. The Insider selling transaction had a total value worth of $160,840. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Interactive Brokers Group, Inc. (IBG, Inc.) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on more than 100 electronic exchanges and trading venues around the world. It operates in two segments: electronic brokerage and market making. The Company owns approximately 14.5% in IBG LLC, the holding company for its businesses. The Company is the sole managing member of IBG LLC. As a direct market access broker, the Company serves the customers of both traditional brokers and prime brokers. It provides its customers with order management, trade execution and portfolio management platform. As a market maker, it provides continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world.

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