Short Interest in Ninety One Group (OTCMKTS:NINTF) Declines By 63.4%

Ninety One Group (OTCMKTS:NINTF) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 2,250 shares, a drop of 63.4% from the July 30th total of 6,147 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Ninety One Group in a research note on Friday, July 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Ninety One Group Price Performance

Shares of NINTF opened at C$2.60 on Friday. Ninety One Group has a 52-week low of C$2.60 and a 52-week high of C$3.50. The firm’s fifty day moving average is C$2.66 and its two-hundred day moving average is C$3.05.

Ninety One Group Company Profile

Ninety One Group is a global investment management firm that provides a wide range of asset management solutions for institutional, intermediary and private investors. Tracing its origins to the asset management division of Investec plc, the company established its independence in March 2020 and rebranded to Ninety One, a nod to its founding year of 1991. Headquartered in London and Cape Town, the firm leverages decades of investment experience and research capabilities to serve diverse client needs.

The company’s core offerings span equities, fixed income, multi-asset strategies and real assets, including infrastructure and real estate.