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

3i Group plc (OTCMKTS:TGOPY) saw a large growth in short interest in 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. Based on an average daily trading volume, of 284,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

3i Group Price Performance

OTCMKTS TGOPY traded up $0.05 during trading hours on Friday, hitting $24.52. 229,495 shares of the company were exchanged, compared to its average volume of 178,767. The company has a 50 day moving average of $24.76 and a two-hundred day moving average of $23.21. 3i Group has a 52-week low of $17.37 and a 52-week 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.