Man Group Plc (OTCMKTS:MNGPF) Sees Large Increase in Short Interest

Man Group Plc (OTCMKTS:MNGPF) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 15,447 shares, an increase of 240.6% from the July 30th total of 4,535 shares. Based on an average trading volume of 3,836 shares, the short-interest ratio is currently 4.0 days.

Man Group Price Performance

MNGPF stock remained flat at $4.06 during midday trading on Friday. Man Group has a 52-week low of $2.10 and a 52-week high of $4.11. The firm’s fifty day moving average is $4.01 and its two-hundred day moving average is $3.81.

Analyst Ratings Changes

Several research analysts recently weighed in on MNGPF shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Man Group in a research report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Man Group in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane raised Man Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.