Short Interest in Man Group Plc (OTCMKTS:MNGPF) Increases By 439.2%

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 4,535 shares, a growth of 439.2% from the July 15th total of 841 shares. Based on an average daily volume of 118 shares, the short-interest ratio is currently 38.4 days.

Man Group Stock Performance

MNGPF remained flat at $4.06 during mid-day trading on Thursday. The company’s stock had a trading volume of 6 shares, compared to its average volume of 12,710. The stock has a 50 day moving average price of $3.96 and a two-hundred day moving average price of $3.77. Man Group has a 52-week low of $2.10 and a 52-week high of $4.11.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. BNP Paribas Exane raised Man Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 18th. Citigroup restated a “neutral” rating on shares of Man Group in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Man Group in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Man Group presently has a consensus rating of “Moderate Buy”.

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.