Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 95.4% in August

Man Group Plc (OTCMKTS:MNGPF) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 716 shares, a decrease of 95.4% from the August 15th total of 15,447 shares. Based on an average trading volume of 2 shares, the short-interest ratio is currently 358.0 days.

Analyst Ratings Changes

Several brokerages have commented on MNGPF. BNP Paribas Exane raised shares of Man Group from a “neutral” rating to an “outperform” rating in a report on Thursday, June 18th. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Man Group in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Man Group Price Performance

MNGPF stock remained flat at $4.06 during midday trading on Thursday. 1,131 shares of the company’s stock were exchanged, compared to its average volume of 12,709. The company’s 50-day moving average is $4.05 and its 200-day moving average is $3.84. Man Group has a fifty-two week low of $2.10 and a fifty-two week high of $4.11.

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.