Intermediate Capital Group plc (OTCMKTS:ICGUF) Short Interest Down 18.3% in February

Intermediate Capital Group plc (OTCMKTS:ICGUF) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 198,700 shares, a drop of 18.3% from the February 13th total of 243,300 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 132.5 days.

Intermediate Capital Group Price Performance

OTCMKTS:ICGUF opened at $25.96 on Thursday. The firm’s 50-day moving average price is $26.96 and its 200-day moving average price is $26.50. Intermediate Capital Group has a 1-year low of $19.44 and a 1-year high of $30.50.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Intermediate Capital Group in a report 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.