Pagegroup (OTCMKTS:MPGPF) Sees Significant Decline in Short Interest

Pagegroup (OTCMKTS:MPGPF – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 575,450 shares, a decline of 35.5% from the June 30th total of 892,674 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,402 shares, the short-interest ratio is currently 410.4 days.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded Pagegroup from a “buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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Pagegroup Stock Performance

Shares of OTCMKTS MPGPF remained flat at $2.27 during midday trading on Friday. Pagegroup has a 52-week low of $1.40 and a 52-week high of $2.27. The stock’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $2.36.

Pagegroup Company Profile

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PageGroup plc (OTCMKTS: MPGPF) is a global recruitment firm headquartered in Weybridge, Surrey, United Kingdom. The company specializes in matching professionals with permanent, contract and interim positions across a diverse range of industry sectors. Through its well-established brands—most notably Michael Page, Page Personnel and Page Executive—PageGroup delivers tailored staffing solutions to both large multinational corporations and small to medium-sized enterprises.

PageGroup’s core services include specialist recruitment for finance and accounting, technology and digital, legal, human resources, marketing and sales, manufacturing and supply chain, and executive search.

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