Man Group Plc (OTCMKTS:MNGPF – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,211 shares, a decline of 45.9% from the April 30th total of 4,086 shares. Based on an average trading volume of 9 shares, the short-interest ratio is currently 245.7 days.
Man Group Price Performance
MNGPF opened at $3.33 on Monday. The business has a 50 day simple moving average of $3.68 and a two-hundred day simple moving average of $3.35. Man Group has a one year low of $2.10 and a one year high of $3.89.
Wall Street Analysts Forecast Growth
MNGPF has been the subject of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of Man Group in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Man Group in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
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.
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