Ninety One Group (OTCMKTS:NINTF) Sees Significant Decrease in Short Interest

Ninety One Group (OTCMKTS:NINTF) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 985 shares, a decrease of 62.4% from the September 30th total of 2,622 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Ninety One Group in a research note on Friday, July 3rd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Ninety One Group has an average rating of “Hold”.

Ninety One Group Price Performance

Shares of OTCMKTS NINTF opened at C$2.60 on Friday. The stock’s 50-day simple moving average is C$2.60 and its 200-day simple moving average is C$2.95. Ninety One Group has a fifty-two week low of C$2.60 and a fifty-two week high of C$3.50.

Ninety One Group Company Profile

Ninety One Group plc is a global investment management firm that provides investment solutions to institutional investors, financial advisers, wealth managers and private clients. The company manages active investment strategies across public and private markets, with a focus on helping clients meet long-term investment objectives.

Its products and services include equity, fixed-income and multi-asset strategies, as well as alternatives and other specialist investment solutions. Ninety One offers strategies covering global and emerging markets, including portfolios focused on equities, credit, infrastructure, natural resources and sustainable investing.

The company was established in South Africa in 1991 as Investec Asset Management and became an independently listed business in 2020 following its demerger from Investec.