Short Interest in Man Group Plc (OTCMKTS:MNGPF) Rises By 22.6%

Man Group Plc (OTCMKTS:MNGPF) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 4,298 shares, a growth of 22.6% from the February 12th total of 3,506 shares. Based on an average daily volume of 3,903 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 3,903 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MNGPF shares. Citigroup reissued a “neutral” rating on shares of Man Group in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Man Group in a research note on Friday, January 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Man Group Price Performance

OTCMKTS MNGPF opened at $3.74 on Tuesday. Man Group has a 1 year low of $2.01 and a 1 year high of $3.74. The business’s 50-day moving average is $3.44 and its 200 day moving average is $2.91.

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.