Short Interest in 3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) Declines By 39.6%

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 607,476 shares, a decline of 39.6% from the July 30th total of 1,006,044 shares. Based on an average trading volume of 2,153,899 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

3i Group Stock Down 1.4%

TGOPY opened at $9.52 on Wednesday. The company has a fifty day moving average of $9.23 and a two-hundred day moving average of $9.06. 3i Group has a fifty-two week low of $6.90 and a fifty-two week high of $15.19.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of 3i Group in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3i Group presently has a consensus rating of “Hold”.

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.