TP ICAP Group PLC (OTCMKTS:TCAPF) Short Interest Down 37.9% in August

TP ICAP Group PLC (OTCMKTS:TCAPF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 101,304 shares, a drop of 37.9% from the August 15th total of 163,195 shares. Based on an average daily trading volume, of 136 shares, the short-interest ratio is presently 744.9 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on TP ICAP Group in a research note on Monday, June 8th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

TP ICAP Group Price Performance

Shares of OTCMKTS TCAPF opened at $4.56 on Friday. TP ICAP Group has a twelve month low of $3.50 and a twelve month high of $4.57. The stock has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $4.11.

About TP ICAP Group

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.