3i Group plc (OTCMKTS:TGOPY) Sees Significant Growth in Short Interest

3i Group plc (OTCMKTS:TGOPY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 84,900 shares, a growth of 38.7% from the March 15th total of 61,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 410,000 shares, the days-to-cover ratio is currently 0.2 days.

3i Group Price Performance

Shares of TGOPY stock opened at $27.74 on Friday. 3i Group has a twelve month low of $17.57 and a twelve month high of $27.98. The company’s 50-day moving average price is $25.03 and its 200-day moving average price is $23.54.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating on shares of 3i Group in a research report on Monday, February 3rd.

3i Group Company Profile

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.