3i Group plc (OTCMKTS:TGOPY) Sees Significant Decline in Short Interest

3i Group plc (OTCMKTS:TGOPY) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 60,900 shares, a decline of 66.9% from the November 15th total of 184,100 shares. Based on an average trading volume of 274,800 shares, the days-to-cover ratio is currently 0.2 days.

3i Group Trading Up 0.7 %

OTCMKTS TGOPY traded up $0.17 on Wednesday, reaching $23.48. The company had a trading volume of 99,289 shares, compared to its average volume of 338,560. The stock’s 50 day moving average is $22.34 and its 200-day moving average is $21.01. 3i Group has a 52 week low of $14.37 and a 52 week high of $24.48.

3i Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, November 29th will be issued a $0.1546 dividend. The ex-dividend date of this dividend is Friday, November 29th. 3i Group’s dividend payout ratio is presently 27.02%.

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.