Short Interest in Man Group Plc (OTCMKTS:MNGPF) Declines By 95.5%

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 2,363 shares, a decline of 95.5% from the November 30th total of 52,411 shares. Based on an average trading volume of 147 shares, the short-interest ratio is presently 16.1 days. Based on an average trading volume of 147 shares, the short-interest ratio is presently 16.1 days.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MNGPF shares. UBS Group raised Man Group from a “neutral” rating to a “buy” rating in a research note on Friday, September 19th. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Man Group in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Man Group Stock Performance

OTCMKTS:MNGPF remained flat at $2.93 during trading hours on Wednesday. Man Group has a one year low of $2.01 and a one year high of $2.93. The business has a fifty day simple moving average of $2.76 and a 200-day simple moving average of $2.48.

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.