3i Group plc (OTCMKTS:TGOPY - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 84,900 shares, an increase of 38.7% from the March 15th total of 61,200 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 410,000 shares, the days-to-cover ratio is currently 0.2 days.
Wall Street Analyst Weigh In
Separately, Citigroup reissued a "buy" rating on shares of 3i Group in a research note on Monday, February 3rd.
Check Out Our Latest Stock Report on 3i Group
3i Group Price Performance
TGOPY traded up $0.93 during trading on Wednesday, hitting $28.23. 165,151 shares of the company traded hands, compared to its average volume of 199,065. 3i Group has a one year low of $17.57 and a one year high of $28.39. The stock's fifty day moving average is $25.18 and its 200 day moving average is $23.68.
3i Group Company Profile
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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.
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