Short Interest in Man Group Plc (OTCMKTS:MNGPF) Drops By 95.5%

Man Group Plc (OTCMKTS:MNGPF) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 2,363 shares, a decrease of 95.5% from the November 30th total of 52,411 shares. Based on an average trading volume of 147 shares, the short-interest ratio is currently 16.1 days. Based on an average trading volume of 147 shares, the short-interest ratio is currently 16.1 days.

Analyst Ratings Changes

MNGPF has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Man Group in a research report on Tuesday, September 2nd. UBS Group raised Man Group from a “neutral” rating to a “buy” rating in a report on Friday, September 19th. Finally, Citigroup restated a “neutral” rating on shares of Man Group in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Man Group Price Performance

Shares of MNGPF remained flat at $2.93 during mid-day trading on Friday. The stock had a trading volume of 10 shares, compared to its average volume of 5,656. The stock has a 50 day simple moving average of $2.77 and a 200 day simple moving average of $2.49. Man Group has a 52 week low of $2.01 and a 52 week high of $2.93.

About Man Group

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.