Pagegroup (OTCMKTS:MPGPF) Sees Large Decrease in Short Interest

Pagegroup (OTCMKTS:MPGPF) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 575,450 shares, a decline of 35.5% from the June 30th total of 892,674 shares. Based on an average daily volume of 1,402 shares, the days-to-cover ratio is presently 410.4 days. Approximately 0.2% of the company’s stock are short sold.

Pagegroup Price Performance

OTCMKTS MPGPF remained flat at $2.27 during trading on Friday. The company’s stock had a trading volume of 60,212 shares, compared to its average volume of 960. The stock has a 50 day moving average of $1.65 and a two-hundred day moving average of $2.36. Pagegroup has a fifty-two week low of $1.40 and a fifty-two week high of $2.27.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Pagegroup from a “buy” rating to a “neutral” rating in a report on Thursday, April 30th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Pagegroup presently has a consensus rating of “Reduce”.

About Pagegroup

PageGroup plc (OTCMKTS: MPGPF) is a global recruitment firm headquartered in Weybridge, Surrey, United Kingdom. The company specializes in matching professionals with permanent, contract and interim positions across a diverse range of industry sectors. Through its well-established brands—most notably Michael Page, Page Personnel and Page Executive—PageGroup delivers tailored staffing solutions to both large multinational corporations and small to medium-sized enterprises.

PageGroup’s core services include specialist recruitment for finance and accounting, technology and digital, legal, human resources, marketing and sales, manufacturing and supply chain, and executive search.