3i Group plc (OTCMKTS:TGOPY) Sees Large Growth in Short Interest

3i Group plc (OTCMKTS:TGOPY) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 1,241,500 shares, a growth 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 Price Performance

Shares of TGOPY stock traded up $0.11 on Friday, reaching $19.84. 70,759 shares of the company were exchanged, compared to its average volume of 251,710. 3i Group has a one year low of $11.81 and a one year high of $20.78. The company has a 50-day moving average of $19.27 and a 200-day moving average of $17.34.

3i Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 12th. Investors of record on Friday, June 21st will be given a $0.1937 dividend. This is a boost 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 (DPR) is presently 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.