Man Group Plc (OTCMKTS:MNGPF) Sees Significant Decrease in Short Interest

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 7,900 shares, a decline of 17.7% from the February 13th total of 9,600 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MNGPF shares. Canaccord Genuity Group raised Man Group from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th.

Man Group Stock Performance

OTCMKTS MNGPF traded up $0.22 during trading hours on Wednesday, hitting $2.93. 200 shares of the company’s stock traded hands, compared to its average volume of 233. Man Group has a 52 week low of $2.55 and a 52 week high of $3.55. The business’s fifty day moving average price is $2.68 and its two-hundred day moving average price is $2.66.

Man Group Company Profile

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.