3i Group plc (OTCMKTS:TGOPY) Sees Large Growth in Short Interest

3i Group plc (OTCMKTS:TGOPY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 61,200 shares, a growth of 200.0% from the February 28th total of 20,400 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 284,700 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “buy” rating on shares of 3i Group in a report on Monday, February 3rd.

3i Group Stock Down 1.9 %

Shares of OTCMKTS TGOPY traded down $0.47 during mid-day trading on Thursday, hitting $24.47. The stock had a trading volume of 232,225 shares, compared to its average volume of 177,878. The business has a 50 day moving average price of $24.72 and a two-hundred day moving average price of $23.20. 3i Group has a 1 year low of $17.37 and a 1 year high of $26.45.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.