Short Interest in Intermediate Capital Group plc (OTCMKTS:ICGUF) Drops By 18.3%

Intermediate Capital Group plc (OTCMKTS:ICGUF) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 198,700 shares, a decline of 18.3% from the February 13th total of 243,300 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 132.5 days.

Intermediate Capital Group Price Performance

Shares of OTCMKTS ICGUF remained flat at $25.96 during midday trading on Tuesday. The stock had a trading volume of 438 shares, compared to its average volume of 4,840. Intermediate Capital Group has a fifty-two week low of $19.44 and a fifty-two week high of $30.50. The business has a fifty day moving average of $27.00 and a two-hundred day moving average of $26.49.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Intermediate Capital Group in a research note on Tuesday, February 4th.

Intermediate Capital Group Company Profile

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.