Man Group Plc (OTCMKTS:MNGPF – Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,066 shares, a decline of 51.9% from the February 26th total of 4,298 shares. Based on an average daily volume of 130 shares, the days-to-cover ratio is currently 15.9 days.
Man Group Price Performance
Shares of MNGPF opened at $3.74 on Thursday. Man Group has a 1-year low of $2.01 and a 1-year high of $3.74. The firm has a 50 day simple moving average of $3.55 and a 200-day simple moving average of $2.98.
Analyst Ratings Changes
Several analysts have weighed in on MNGPF shares. Citigroup reissued a “neutral” rating on shares of Man Group in a report 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Man Group presently has a consensus rating of “Moderate Buy”.
About Man Group
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.
Featured Articles
Receive News & Ratings for Man Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group and related companies with MarketBeat.com's FREE daily email newsletter.
