M&G plc (OTCMKTS:MGPUF) Short Interest Update

M&G plc (OTCMKTS:MGPUF) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 519,314 shares, a growth of 215.3% from the January 29th total of 164,694 shares. Based on an average daily trading volume, of 232 shares, the days-to-cover ratio is currently 2,238.4 days. Based on an average daily trading volume, of 232 shares, the days-to-cover ratio is currently 2,238.4 days.

M&G Price Performance

Shares of OTCMKTS:MGPUF remained flat at $4.50 during trading hours on Friday. M&G has a 12 month low of $2.16 and a 12 month high of $4.50. The business has a fifty day moving average price of $4.13 and a 200-day moving average price of $3.74.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of M&G to a “neutral” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

M&G Company Profile

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.