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

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPYGet Free Report) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 102,923 shares, a decrease of 66.2% from the February 26th total of 304,097 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,331,323 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TGOPY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of 3i Group in a report on Friday, January 30th. Royal Bank Of Canada lowered shares of 3i Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Get Our Latest Analysis on 3i Group

3i Group Stock Down 18.7%

OTCMKTS:TGOPY opened at $7.53 on Friday. The stock’s fifty day moving average price is $10.76 and its two-hundred day moving average price is $11.88. 3i Group has a 52-week low of $7.52 and a 52-week high of $15.19.

3i Group Company Profile

(Get Free Report)

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.

Further Reading

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