Man Group Plc (OTCMKTS:MNGPF) Stock Short Interest Report for October

Man Group Plc (OTCMKTS:MNGPF) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 20,274 shares, an increase of 3,640.6% from the October 15th total of 542 shares. Based on an average trading volume of 543 shares, the short-interest ratio is presently 37.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MNGPF shares. Citigroup restated a “buy” rating on shares of Man Group in a research report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Man Group in a research note on Friday, October 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Man Group Stock Performance

Man Group stock remained flat at $3.90 during midday trading on Tuesday. The company had a trading volume of 6 shares, compared to its average volume of 10,634. The stock has a fifty day simple moving average of $4.09 and a two-hundred day simple moving average of $3.87. Man Group has a 12-month low of $2.65 and a 12-month high of $4.66.

About Man Group

Man Group plc is a global active investment management firm serving institutional investors, private-wealth clients and other financial intermediaries. The company manages a range of investment strategies across public and private markets, with capabilities spanning alternative investments, long-only equities and fixed income, multi-asset portfolios, and customized investment solutions. Man Group operates through several specialist investment businesses, including AHL, which focuses on systematic and quantitative strategies; Man GLG, a discretionary investment manager; Man Numeric, which applies quantitative approaches to equities; and Man Solutions, which provides portfolio design, advisory and implementation services.