Man Group Plc (OTCMKTS:MNGPF) Stock Short Interest Jumps 3,640.6%

Man Group Plc (OTCMKTS:MNGPF) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 20,274 shares, an increase of 3,640.6% from the October 15th total of 542 shares. Based on an average daily trading volume, of 543 shares, the days-to-cover ratio is currently 37.3 days.

Man Group Price Performance

Shares of OTCMKTS:MNGPF opened at $3.90 on Thursday. The business has a 50-day moving average price of $4.09 and a 200 day moving average price of $3.87. Man Group has a 12-month low of $2.65 and a 12-month high of $4.66.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Deutsche Bank reaffirmed a “hold” rating on shares of Man Group in a report on Friday, October 2nd. Citigroup restated a “buy” rating on shares of Man Group in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Man Group Company Profile

Man Group plc is a global active investment management firm serving institutional investors, private-wealth clients and other financial intermediaries. The company manages a range of investment strategies across public and private markets, with capabilities spanning alternative investments, long-only equities and fixed income, multi-asset portfolios, and customized investment solutions. Man Group operates through several specialist investment businesses, including AHL, which focuses on systematic and quantitative strategies; Man GLG, a discretionary investment manager; Man Numeric, which applies quantitative approaches to equities; and Man Solutions, which provides portfolio design, advisory and implementation services.