3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) Sees Large Drop in Short Interest

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY – Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 233,029 shares, a decline of 61.6% from the August 31st total of 606,821 shares. Based on an average daily trading volume, of 1,667,792 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of 3i Group in a research note on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, 3i Group presently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on 3i Group

3i Group Stock Up 1.0%

3i Group stock traded up $0.09 during mid-day trading on Tuesday, hitting $8.87. The company’s stock had a trading volume of 28,983 shares, compared to its average volume of 1,365,938. The firm’s 50 day moving average is $9.40 and its 200 day moving average is $8.79. 3i Group has a 52-week low of $6.90 and a 52-week high of $15.19.

3i Group Company Profile

(Get Free Report)

3i Group plc is an international investment company headquartered in London, United Kingdom. It invests in and supports businesses through two principal areas: private equity and infrastructure. The company typically takes significant or controlling interests in established businesses, working with management teams to support growth, operational development and long-term value creation.

Through its private equity activities, 3i focuses primarily on mid-market companies, particularly in Northern Europe.

Further Reading

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