Short Interest in M&G plc (OTCMKTS:MGPUF) Declines By 42.8%

M&G plc (OTCMKTS:MGPUF) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 159,571 shares, a decline of 42.8% from the December 15th total of 278,871 shares. Based on an average daily trading volume, of 297 shares, the days-to-cover ratio is currently 537.3 days. Based on an average daily trading volume, of 297 shares, the days-to-cover ratio is currently 537.3 days.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of M&G to a “neutral” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

M&G Stock Performance

M&G stock remained flat at $4.06 during trading hours on Friday. 78 shares of the company’s stock traded hands, compared to its average volume of 5,525. The stock has a 50 day moving average of $3.74 and a 200-day moving average of $3.59. M&G has a 1 year low of $2.16 and a 1 year high of $4.06.

M&G Company Profile

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.