Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 88.3% in June

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

Analyst Ratings Changes

Several brokerages have recently weighed in on MNGPF. Citigroup reissued a “neutral” rating on shares of Man Group in a research report on Monday. BNP Paribas Exane upgraded shares of Man Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Man Group from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. 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, the stock presently has an average rating of “Moderate Buy”.

Man Group Trading Up 3.0%

OTCMKTS:MNGPF traded up $0.12 during mid-day trading on Friday, reaching $4.11. 6,036 shares of the stock were exchanged, compared to its average volume of 16,014. Man Group has a 1 year low of $2.10 and a 1 year high of $4.11. The company has a 50 day simple moving average of $3.82 and a 200-day simple moving average of $3.58.

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.