M&G plc (OTCMKTS:MGPUF) Sees Large Drop in Short Interest

M&G plc (OTCMKTS:MGPUF) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,964,400 shares, a drop of 21.1% from the August 15th total of 2,489,400 shares. Based on an average trading volume of 1,100 shares, the short-interest ratio is presently 1,785.8 days.

M&G Stock Down 14.5 %

OTCMKTS:MGPUF opened at $2.60 on Monday. The company has a 50 day moving average price of $2.72 and a 200-day moving average price of $2.69. M&G has a 1-year low of $2.26 and a 1-year high of $3.04.

M&G Company Profile

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.