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

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 9,600 shares, an increase of 113.3% from the January 31st total of 4,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 96.0 days.

Wall Street Analysts Forecast Growth

MNGPF has been the topic of several analyst reports. Canaccord Genuity Group raised shares of Man Group from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th.

Man Group Price Performance

OTCMKTS:MNGPF opened at $2.71 on Monday. The firm has a fifty day simple moving average of $2.66 and a 200 day simple moving average of $2.64. Man Group has a 1-year low of $2.55 and a 1-year high of $3.55.

Man Group Company Profile

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.