There is something weird with the shares outstanding:
According to the recent 8K it says: "There were 75,300,000 shares of common stock entitled to be voted and 48,783,306 shares present in person or by proxy, at the Annual Meeting. The matters voted upon at the Annual Meeting and the final results of the votes were as follows:"
According to the recent Q though there were: "The number of shares of the registrant’s Class A common stock, par value $0.01 per share, outstanding was 17,319,000 as of May 12, 2011."
BTW, FXCM's market cap is 1 billion. They have a little over 200 m in cash and no debt of which 50 m will be used to make strategic acquisitions on the cheap.
Short interest was around 4-5%
Citi Analyst negative on the stock because they are a big competitor in retail fx. Others are mostly positive although volume expectations were high and came down some. The stock will rebound and should do quite well imo.