3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) Short Interest Update

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 78,900 shares, a decline of 46.9% from the September 15th total of 148,500 shares. Based on an average daily volume of 1,210,100 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,210,100 shares, the short-interest ratio is currently 0.1 days.

3i Group Stock Performance

OTCMKTS TGOPY opened at $14.72 on Thursday. The company has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $22.83. 3i Group has a 12-month low of $10.27 and a 12-month high of $15.18.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TGOPY shares. Kepler Capital Markets upgraded shares of 3i Group to a “hold” rating in a research report on Tuesday, July 8th. Sanford C. Bernstein began coverage on shares of 3i Group in a research report on Thursday, September 18th. They issued an “outperform” rating for the company. Finally, UBS Group upgraded shares of 3i Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About 3i Group

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.