Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 3,095 shares, a drop of 88.3% from the June 15th total of 26,422 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Man Group Stock Performance

Shares of OTCMKTS:MNGPF traded up $0.12 during midday trading on Friday, hitting $4.11. The company’s stock had a trading volume of 6,036 shares, compared to its average volume of 16,355. The business’s 50 day simple moving average is $3.83 and its 200 day simple moving average is $3.58. Man Group has a 12-month low of $2.10 and a 12-month high of $4.11.

Analysts Set New Price Targets

Several equities research analysts have commented on MNGPF shares. Deutsche Bank Aktiengesellschaft lowered Man Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. BNP Paribas Exane upgraded Man Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 18th. Finally, Citigroup reiterated a “neutral” rating on shares of Man Group in a research report on Monday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Man Group currently has a consensus rating of “Moderate Buy”.

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.