Intermediate Capital Group plc (OTCMKTS:ICGUF) Sees Significant Growth in Short Interest

Intermediate Capital Group plc (OTCMKTS:ICGUF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 246,500 shares, an increase of 24.1% from the February 28th total of 198,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 2,465.0 days.

Intermediate Capital Group Stock Performance

Shares of Intermediate Capital Group stock opened at $25.96 on Thursday. The firm has a fifty day simple moving average of $26.73 and a 200-day simple moving average of $26.61. Intermediate Capital Group has a 1-year low of $19.44 and a 1-year high of $30.50.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued 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.