3i Group plc (OTCMKTS:TGOPY - Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 140,700 shares, a drop of 51.5% from the April 30th total of 290,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 243,500 shares, the short-interest ratio is currently 0.6 days.
3i Group Trading Up 0.9%
TGOPY traded up $0.25 during trading on Tuesday, hitting $28.20. The company's stock had a trading volume of 189,467 shares, compared to its average volume of 183,603. The firm's 50 day moving average price is $26.89 and its two-hundred day moving average price is $24.97. 3i Group has a 12 month low of $18.32 and a 12 month high of $29.23.
Wall Street Analyst Weigh In
Separately, Citigroup reissued a "buy" rating on shares of 3i Group in a report on Monday, February 3rd.
Check Out Our Latest Stock Report on 3i Group
About 3i Group
(
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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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