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

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 184,885 shares, an increase of 500.3% from the January 15th total of 30,798 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,894,147 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,894,147 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several research analysts recently commented on TGOPY shares. Citigroup reaffirmed a “buy” rating on shares of 3i Group in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of 3i Group in a research note on Friday, January 30th. Kepler Capital Markets lowered shares of 3i Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

3i Group Trading Down 1.1%

TGOPY stock traded down $0.13 during trading on Tuesday, hitting $11.37. 534,532 shares of the stock traded hands, compared to its average volume of 823,018. 3i Group has a one year low of $9.84 and a one year high of $15.19. The company has a 50 day simple moving average of $10.89 and a 200 day simple moving average of $13.70.

3i Group Company Profile

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.