Man Group Plc (OTCMKTS:MNGPF) Sees Significant Drop in Short Interest

Man Group Plc (OTCMKTS:MNGPF) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 2,363 shares, a decline of 95.5% from the November 30th total of 52,411 shares. Based on an average daily trading volume, of 147 shares, the short-interest ratio is currently 16.1 days. Based on an average daily trading volume, of 147 shares, the short-interest ratio is currently 16.1 days.

Man Group Stock Performance

OTCMKTS:MNGPF remained flat at $2.93 during trading hours on Thursday. 10 shares of the company were exchanged, compared to its average volume of 5,656. Man Group has a 12-month low of $2.01 and a 12-month high of $2.93. The business has a 50 day moving average of $2.76 and a 200-day moving average of $2.48.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group raised Man Group from a “neutral” rating to a “buy” rating in a report on Friday, September 19th. Citigroup restated a “neutral” rating on shares of Man Group in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Man Group in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Man Group presently 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.