Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,211 shares, a decline of 45.9% from the April 30th total of 4,086 shares. Based on an average daily volume of 9 shares, the short-interest ratio is currently 245.7 days.

Analyst Ratings Changes

A number of research firms have commented on MNGPF. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Man Group in a research report on Monday. Citigroup reissued a “neutral” rating on shares of Man Group in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Man Group Price Performance

Shares of MNGPF stock remained flat at $3.90 during mid-day trading on Wednesday. 1,000 shares of the stock were exchanged, compared to its average volume of 4,446. Man Group has a 12-month low of $2.10 and a 12-month high of $3.90. The firm’s 50 day moving average price is $3.67 and its 200 day moving average price is $3.35.

Man Group Company Profile

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.