3i Group plc (OTCMKTS:TGOPY – Get Free Report) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 20,400 shares, a decrease of 51.3% from the February 13th total of 41,900 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 227,700 shares, the short-interest ratio is currently 0.1 days.
3i Group Stock Performance
Shares of 3i Group stock traded up $0.39 during trading on Friday, reaching $24.51. 123,448 shares of the stock were exchanged, compared to its average volume of 169,650. The stock’s fifty day moving average is $24.36 and its 200 day moving average is $22.99. 3i Group has a 1 year low of $15.97 and a 1 year high of $26.45.
Wall Street Analysts Forecast Growth
Separately, Citigroup reiterated a “buy” rating on shares of 3i Group in a report on Monday, February 3rd.
About 3i Group
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.
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