TP ICAP Group PLC (OTCMKTS:TCAPF) Short Interest Update

TP ICAP Group PLC (OTCMKTS:TCAPF) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 101,304 shares, a drop of 37.9% from the August 15th total of 163,195 shares. Based on an average daily volume of 136 shares, the short-interest ratio is currently 744.9 days.

TP ICAP Group Price Performance

Shares of OTCMKTS TCAPF remained flat at $4.56 during trading on Thursday. TP ICAP Group has a 1-year low of $3.50 and a 1-year high of $4.57. The business has a 50-day simple moving average of $4.57 and a 200 day simple moving average of $4.10.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TCAPF. Investec downgraded TP ICAP Group to a “hold” rating in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft assumed coverage on TP ICAP Group in a research report on Monday, June 8th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

TP ICAP Group Company Profile

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.