Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,211 shares, a decrease of 45.9% from the April 30th total of 4,086 shares. Based on an average daily trading volume, of 9 shares, the short-interest ratio is presently 245.7 days.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Man Group in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Man Group in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Man Group Price Performance

Shares of OTCMKTS MNGPF opened at $3.33 on Monday. The firm’s 50-day moving average price is $3.68 and its 200-day moving average price is $3.35. Man Group has a 52-week low of $2.10 and a 52-week high of $3.89.

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.