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

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 607,476 shares, a decrease of 39.6% from the July 30th total of 1,006,044 shares. Based on an average daily volume of 2,153,899 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

3i Group Price Performance

Shares of TGOPY opened at $9.66 on Tuesday. The stock has a 50 day moving average price of $9.19 and a two-hundred day moving average price of $9.07. 3i Group has a 52 week low of $6.90 and a 52 week high of $15.19.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of 3i Group in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About 3i Group

3i Group plc is a London‑based international investment manager that specializes in private equity, infrastructure and debt investments. The company deploys capital both from its own balance sheet and through managed funds on behalf of institutional investors, targeting mid‑market buyouts, growth capital and core infrastructure assets. Its private equity activity typically focuses on acquiring, developing and exiting businesses through active ownership and operational improvement, while its infrastructure arm invests in long‑life assets that generate steady cash flows.

3i manages a portfolio of companies across a range of industry sectors, including business and financial services, industrials, consumer and healthcare, and technology.