3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) Short Interest Down 39.6% in August

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 607,476 shares, a drop of 39.6% from the July 30th total of 1,006,044 shares. Based on an average daily volume of 2,153,899 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of 3i Group in a research note on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, 3i Group currently has a consensus rating of “Hold”.

3i Group Stock Performance

TGOPY opened at $9.65 on Monday. 3i Group has a 1-year low of $6.90 and a 1-year high of $15.19. The stock’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $9.09.

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.