TP ICAP Group PLC (OTCMKTS:TCAPF) Short Interest Up 66.5% in July

TP ICAP Group PLC (OTCMKTS:TCAPF) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 155,047 shares, an increase of 66.5% from the June 30th total of 93,133 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

TP ICAP Group Price Performance

Shares of OTCMKTS TCAPF remained flat at $4.57 during mid-day trading on Friday. The firm’s 50-day moving average is $4.38 and its two-hundred day moving average is $3.85. TP ICAP Group has a 1-year low of $3.50 and a 1-year high of $4.57.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TCAPF shares. Deutsche Bank Aktiengesellschaft started coverage on shares of TP ICAP Group in a report on Monday, June 8th. They set a “buy” rating on the stock. Investec cut shares of TP ICAP Group to a “hold” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.