3i Group plc (OTCMKTS:TGOPY) Short Interest Update

3i Group plc (OTCMKTS:TGOPY – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 35,600 shares, an increase of 88.4% from the April 30th total of 18,900 shares. Based on an average daily trading volume, of 68,000 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TGOPY shares. Barclays upped their target price on 3i Group from GBX 2,025 ($25.19) to GBX 2,275 ($28.30) in a report on Friday, January 27th. Morgan Stanley upped their price objective on 3i Group from GBX 1,875 ($23.32) to GBX 2,075 ($25.81) in a research note on Monday, January 30th.

3i Group Price Performance

Shares of TGOPY stock traded up $0.29 during trading hours on Friday, hitting $12.11. 52,428 shares of the company’s stock traded hands, compared to its average volume of 85,509. The stock’s 50 day simple moving average is $10.84 and its 200 day simple moving average is $9.55. 3i Group has a 12 month low of $5.91 and a 12 month high of $12.24.

3i Group Company Profile

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3i Group Plc engages in the private equity and venture capital business. It operates through the following segments: Private Equity, Infrastructure, and Scandlines. The Private Equity segment is involved in investment and asset management to generate capital returns. The Infrastructure segment includes investing in economic infrastructure and greenfield projects in developed economies.