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

Key Points

• Short interest plunged 66.2% to 102,923 shares as of March 13 (down from 304,097 on Feb 26), leaving about 0.0% of shares shorted and a days-to-cover ratio of 0.0 based on average daily volume.
• Analyst sentiment is mixed with a MarketBeat consensus of Hold; four analysts rate Buy and two rate Sell, while Royal Bank of Canada cut to "strong sell" and Deutsche Bank reissued a "buy".
• Shares opened at $9.17 and are trading near their 52-week low ($8.89) versus a 52-week high of $15.19, with 50-day and 200-day simple moving averages of $10.86 and $11.93 respectively.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 102,923 shares, a drop of 66.2% from the February 26th total of 304,097 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,331,323 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 2,331,323 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada cut shares of 3i Group from a "hold" rating to a "strong sell" rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of 3i Group in a report on Friday, January 30th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

3i Group Price Performance

Shares of TGOPY opened at $9.17 on Wednesday. 3i Group has a 1 year low of $8.89 and a 1 year high of $15.19. The company's 50 day simple moving average is $10.86 and its 200 day simple moving average is $11.93.

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.

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