Short Interest in Intermediate Capital Group plc (OTCMKTS:ICGUF) Grows By 24.1%

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

Intermediate Capital Group Stock Performance

Shares of ICGUF stock opened at $25.96 on Wednesday. Intermediate Capital Group has a 52-week low of $19.44 and a 52-week high of $30.50. The stock’s 50-day moving average price is $26.75 and its 200 day moving average price is $26.61.

Analysts Set New Price Targets

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

About Intermediate Capital Group

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.