Man Group Plc (OTCMKTS:MNGPF – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 26,422 shares, an increase of 1,126.1% from the May 31st total of 2,155 shares. Based on an average trading volume of 449 shares, the short-interest ratio is currently 58.8 days.
Man Group Price Performance
Shares of Man Group stock remained flat at $3.85 on Friday. The firm has a 50-day moving average of $3.75 and a 200 day moving average of $3.50. Man Group has a one year low of $2.10 and a one year high of $3.90.
Wall Street Analyst Weigh In
MNGPF has been the topic of a number of recent analyst reports. BNP Paribas Exane upgraded Man Group from a “neutral” rating to an “outperform” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft lowered Man Group from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup reiterated a “neutral” rating on shares of Man Group in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Man Group currently has a consensus 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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