Short Interest in M&G plc (OTCMKTS:MGPUF) Grows By 215.3%

M&G plc (OTCMKTS:MGPUF) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 519,314 shares, an increase of 215.3% from the January 29th total of 164,694 shares. Based on an average daily trading volume, of 232 shares, the short-interest ratio is currently 2,238.4 days. Based on an average daily trading volume, of 232 shares, the short-interest ratio is currently 2,238.4 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of M&G to a “neutral” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, M&G has an average rating of “Hold”.

M&G Price Performance

Shares of MGPUF traded up $0.20 during trading hours on Thursday, hitting $4.50. The company had a trading volume of 277 shares, compared to its average volume of 2,918. The firm has a fifty day moving average price of $4.10 and a 200-day moving average price of $3.73. M&G has a 52-week low of $2.16 and a 52-week high of $4.50.

M&G Company Profile

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.