3i Group plc (OTCMKTS:TGOPY) Short Interest Up 611.1% in June

3i Group plc (OTCMKTS:TGOPY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 1,241,500 shares, an increase of 611.1% from the June 15th total of 174,600 shares. Based on an average daily volume of 885,600 shares, the days-to-cover ratio is currently 1.4 days.

3i Group Trading Up 1.3 %

OTCMKTS TGOPY traded up $0.25 on Thursday, hitting $19.73. 79,414 shares of the stock traded hands, compared to its average volume of 253,083. The stock has a 50-day moving average of $19.21 and a 200 day moving average of $17.29. 3i Group has a twelve month low of $11.81 and a twelve month high of $20.78.

3i Group Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, August 12th. Investors of record on Friday, June 21st will be given a dividend of $0.1937 per share. This is a positive change from 3i Group’s previous dividend of $0.14. The ex-dividend date of this dividend is Friday, June 21st. 3i Group’s dividend payout ratio is currently 27.02%.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.