Short Interest in 3i Group plc (OTCMKTS:TGOPY) Grows By 200.0%

3i Group plc (OTCMKTS:TGOPY - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 61,200 shares, a growth of 200.0% from the February 28th total of 20,400 shares. Based on an average daily volume of 284,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a "buy" rating on shares of 3i Group in a research note on Monday, February 3rd.

3i Group Stock Down 0.9 %

Shares of TGOPY traded down $0.22 during mid-day trading on Monday, hitting $24.30. The company's stock had a trading volume of 119,512 shares, compared to its average volume of 177,646. 3i Group has a 1-year low of $17.37 and a 1-year high of $26.45. The firm has a 50-day simple moving average of $24.79 and a 200 day simple moving average of $23.27.

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.