Ninety One Group (OTCMKTS:NINTF) Sees Significant Drop in Short Interest

Ninety One Group (OTCMKTS:NINTFGet Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,147 shares, a drop of 47.9% from the July 15th total of 11,797 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Ninety One Group in a research report on Friday, July 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Ninety One Group currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on NINTF

Ninety One Group Price Performance

Shares of OTCMKTS:NINTF opened at C$2.60 on Friday. The business’s 50 day moving average price is C$2.73 and its 200-day moving average price is C$3.11. Ninety One Group has a 1 year low of C$2.60 and a 1 year high of C$3.50.

Ninety One Group Company Profile

(Get Free Report)

Ninety One Group is a global investment management firm that provides a wide range of asset management solutions for institutional, intermediary and private investors. Tracing its origins to the asset management division of Investec plc, the company established its independence in March 2020 and rebranded to Ninety One, a nod to its founding year of 1991. Headquartered in London and Cape Town, the firm leverages decades of investment experience and research capabilities to serve diverse client needs.

The company’s core offerings span equities, fixed income, multi-asset strategies and real assets, including infrastructure and real estate.

Further Reading

Receive News & Ratings for Ninety One Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ninety One Group and related companies with MarketBeat.com's FREE daily email newsletter.