Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 77.0% in April

Man Group Plc (OTCMKTS:MNGPF) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 4,086 shares, a decline of 77.0% from the April 15th total of 17,761 shares. Based on an average daily volume of 654 shares, the days-to-cover ratio is presently 6.2 days.

Man Group Stock Performance

Shares of MNGPF remained flat at $3.89 during trading hours on Wednesday. Man Group has a 1-year low of $2.01 and a 1-year high of $3.89. The firm has a 50 day simple moving average of $3.69 and a 200 day simple moving average of $3.27.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Man Group in a research report on Thursday, April 9th. Citigroup reiterated a “neutral” rating on shares of Man Group in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently 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.