Man Group Plc (OTCMKTS:MNGPF) Sees Significant Growth in Short Interest

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,097 shares, a growth of 31.1% from the January 15th total of 2,363 shares. Based on an average trading volume of 1,493 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 1,493 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MNGPF. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Man Group in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Man Group presently has an average rating of “Moderate Buy”.

Man Group Price Performance

MNGPF stock opened at $3.69 on Tuesday. The business has a 50-day moving average of $3.12 and a 200-day moving average of $2.70. Man Group has a fifty-two week low of $2.01 and a fifty-two week high of $3.70.

About Man Group

Man Group is a global alternative investment manager that specializes in a wide range of hedge fund and quantitative strategies. Headquartered in London, the firm serves institutional, intermediary and private investors worldwide, offering bespoke asset management solutions designed to address diverse market conditions and client objectives. With a focus on risk-adjusted returns and systematic research, Man Group employs a combination of quantitative models, fundamental analysis and proprietary technology to identify investment opportunities across multiple asset classes.

The company’s flagship investment platforms include Man AHL, which develops and deploys systematic, data-driven trading strategies; Man GLG, a discretionary business driven by fundamental research and thematic macro insights; and Man Numeric, which applies statistical techniques to emerging markets and thematic investing.