3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) Shares Shorted: Short Interest Down 65.0% in October

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 21,860 shares, a drop of 65.0% from the September 30th total of 62,398 shares. Based on an average daily trading volume, of 1,621,209 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of 3i Group in a report on Friday, August 28th. Two 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 has an average rating of “Hold”.

3i Group Stock Performance

TGOPY stock opened at $7.83 on Thursday. 3i Group has a twelve month low of $6.90 and a twelve month high of $15.02. The business has a fifty day moving average of $8.76 and a 200-day moving average of $9.19.

About 3i Group

3i Group plc is an investment company focused on private equity and infrastructure. Through its private equity business, the company invests in mid-market businesses and works with management teams to support growth, operational improvement and international expansion. Its infrastructure activities focus on investments in assets and businesses serving essential economic needs.

The company has a long history in development and investment finance. It was established in 1945 as the Industrial and Commercial Finance Corporation, created to provide funding to smaller and mid-sized businesses in the United Kingdom.