Man Group Plc (OTCMKTS:MNGPF – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 716 shares, a decline of 95.4% from the August 15th total of 15,447 shares. Based on an average trading volume of 2 shares, the short-interest ratio is presently 358.0 days.
Man Group Price Performance
OTCMKTS:MNGPF remained flat at $4.06 during midday trading on Friday. The company’s 50 day moving average is $4.05 and its 200-day moving average is $3.84. Man Group has a 1-year low of $2.10 and a 1-year high of $4.11.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Man Group in a research note on Friday, September 4th. BNP Paribas Exane upgraded Man Group from a “neutral” rating to an “outperform” rating in a report on Thursday, June 18th. Finally, Citigroup reiterated a “neutral” rating on shares of Man Group in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Man Group has an average rating of “Moderate Buy”.
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.
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