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

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 102,923 shares, a drop of 66.2% from the February 26th total of 304,097 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,331,323 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 2,331,323 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of 3i Group in a report on Friday, January 30th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

3i Group Price Performance

Shares of TGOPY opened at $9.17 on Wednesday. 3i Group has a 1 year low of $8.89 and a 1 year high of $15.19. The company’s 50 day simple moving average is $10.86 and its 200 day simple moving average is $11.93.

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.