3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 21,860 shares, a decrease of 65.0% from the September 30th total of 62,398 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,621,209 shares, the days-to-cover ratio is presently 0.0 days.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of 3i Group in a report on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
View Our Latest Research Report on 3i Group
3i Group Trading Up 1.0%
Shares of OTCMKTS:TGOPY opened at $8.15 on Friday. 3i Group has a 12 month low of $6.90 and a 12 month high of $14.75. The company’s fifty day moving average price is $8.69 and its 200 day moving average price is $9.17.
3i Group Company Profile
3i Group plc is an investment company focused on private equity and infrastructure. Through its private equity business, the company invests in mid-market businesses and works with management teams to support growth, operational improvement and international expansion. Its infrastructure activities focus on investments in assets and businesses serving essential economic needs.
The company has a long history in development and investment finance. It was established in 1945 as the Industrial and Commercial Finance Corporation, created to provide funding to smaller and mid-sized businesses in the United Kingdom.
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