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

Man Group Plc (OTCMKTS:MNGPF) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,086 shares, a drop of 77.0% from the April 15th total of 17,761 shares. Based on an average daily volume of 654 shares, the short-interest ratio is currently 6.2 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on MNGPF. Citigroup reissued a “neutral” rating on shares of Man Group in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Man Group in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Man Group Price Performance

Shares of MNGPF remained flat at $3.89 during mid-day trading on Friday. Man Group has a one year low of $2.01 and a one year high of $3.89. The company has a 50-day moving average of $3.70 and a two-hundred day moving average of $3.28.

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.