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

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

3i Group Trading Up 2.5 %

Shares of TGOPY stock traded up $0.29 on Friday, hitting $12.11. The company’s stock had a trading volume of 52,428 shares, compared to its average volume of 85,509. The stock’s 50 day moving average is $10.84 and its 200-day moving average is $9.55. 3i Group has a fifty-two week low of $5.91 and a fifty-two week high of $12.24.

Wall Street Analysts Forecast Growth

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

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.