3i Group plc (OTCMKTS:TGOPY) Short Interest Down 51.3% in February

3i Group plc (OTCMKTS:TGOPY) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 20,400 shares, a drop of 51.3% from the February 13th total of 41,900 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 227,700 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “buy” rating on shares of 3i Group in a research note on Monday, February 3rd.

3i Group Price Performance

Shares of OTCMKTS TGOPY traded up $0.39 on Friday, reaching $24.51. 123,448 shares of the company’s stock traded hands, compared to its average volume of 169,650. 3i Group has a 12 month low of $15.97 and a 12 month high of $26.45. The business’s 50 day simple moving average is $24.36 and its two-hundred day simple moving average is $22.99.

About 3i Group

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.