Man Group Plc (OTCMKTS:MNGPF – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 15,447 shares, a growth of 240.6% from the July 30th total of 4,535 shares. Based on an average daily volume of 3,836 shares, the days-to-cover ratio is currently 4.0 days.
Man Group Stock Performance
Shares of MNGPF opened at $4.06 on Thursday. The firm has a 50 day simple moving average of $4.00 and a two-hundred day simple moving average of $3.81. Man Group has a one year low of $2.10 and a one year high of $4.11.
Analysts Set New Price Targets
MNGPF has been the subject of several recent research reports. 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 reaffirmed a “hold” rating on shares of Man Group in a research report on Wednesday, July 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Man Group in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Man Group Company Profile
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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