Man Group Plc (OTCMKTS:MNGPF – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 841 shares, a decline of 72.8% from the June 30th total of 3,095 shares. Based on an average daily volume of 45,552 shares, the short-interest ratio is presently 0.0 days.
Man Group Stock Performance
Shares of OTCMKTS MNGPF remained flat at $4.11 during mid-day trading on Monday. The stock had a trading volume of 10 shares, compared to its average volume of 14,643. Man Group has a twelve month low of $2.10 and a twelve month high of $4.11. The business’s fifty day moving average price is $3.87 and its 200-day moving average price is $3.67.
Analyst Ratings Changes
A number of brokerages have recently issued reports on MNGPF. BNP Paribas Exane upgraded shares of Man Group from a “neutral” rating to an “outperform” rating in a report on Thursday, June 18th. Citigroup reiterated a “neutral” rating on shares of Man Group in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft lowered Man Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Two research 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, the stock presently has an average 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.
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