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

Man Group Plc (OTCMKTS:MNGPF – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,095 shares, a decrease of 88.3% from the June 15th total of 26,422 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Analysts Set New Price Targets

A number of research analysts have commented on MNGPF shares. BNP Paribas Exane upgraded Man Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft lowered Man Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Citigroup reiterated a “neutral” rating on shares of Man Group in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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Man Group Price Performance

MNGPF traded up $0.12 during trading hours on Friday, reaching $4.11. 6,036 shares of the stock traded hands, compared to its average volume of 16,355. Man Group has a fifty-two week low of $2.10 and a fifty-two week high of $4.11. The firm’s fifty day simple moving average is $3.83 and its two-hundred day simple moving average is $3.59.

Man Group Company Profile

(Get Free Report)

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.

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