TP ICAP Group PLC (OTCMKTS:TCAPF) Short Interest Update

TP ICAP Group PLC (OTCMKTS:TCAPF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 155,047 shares, a growth of 66.5% from the June 30th total of 93,133 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ? days.

TP ICAP Group Price Performance

TCAPF opened at $4.57 on Friday. The firm has a 50 day moving average price of $4.37 and a 200-day moving average price of $3.85. TP ICAP Group has a twelve month low of $3.50 and a twelve month high of $4.57.

Wall Street Analysts Forecast Growth

TCAPF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TP ICAP Group in a report on Monday, June 8th. They set a “buy” rating on the stock. Investec downgraded TP ICAP Group to a “hold” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

TP ICAP Group Company Profile

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.