Intermediate Capital Group plc (OTCMKTS:ICGUF) Short Interest Up 24.1% in March

Intermediate Capital Group plc (OTCMKTS:ICGUF) saw a significant increase in short interest during the month of 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 presently 2,465.0 days.

Analyst Upgrades and Downgrades

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

Intermediate Capital Group Price Performance

Shares of ICGUF remained flat at $25.96 during trading on Tuesday. Intermediate Capital Group has a 1 year low of $19.44 and a 1 year high of $30.50. The firm’s fifty day simple moving average is $26.77 and its 200 day simple moving average is $26.60.

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.