Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,066 shares, a decline of 51.9% from the February 26th total of 4,298 shares. Based on an average trading volume of 130 shares, the short-interest ratio is currently 15.9 days.

Wall Street Analyst Weigh In

Several brokerages recently commented on MNGPF. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Man Group in a research report on Friday, January 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Man Group presently has an average rating of “Moderate Buy”.

Man Group Stock Performance

MNGPF remained flat at $3.74 on Friday. The firm has a fifty day simple moving average of $3.59 and a 200-day simple moving average of $2.99. Man Group has a 1 year low of $2.01 and a 1 year high of $3.74.

About Man Group

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.