M&G plc (OTCMKTS:MGPUF) Short Interest Down 43.5% in December

M&G plc (OTCMKTS:MGPUF) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 278,871 shares, a decrease of 43.5% from the November 30th total of 493,754 shares. Based on an average daily trading volume, of 867 shares, the days-to-cover ratio is currently 321.7 days. Based on an average daily trading volume, of 867 shares, the days-to-cover ratio is currently 321.7 days.

Analyst Ratings Changes

Several research firms have recently weighed in on MGPUF. Royal Bank Of Canada reissued a “sector perform” rating on shares of M&G in a research report on Tuesday, September 9th. UBS Group cut shares of M&G to a “neutral” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

M&G Price Performance

OTCMKTS MGPUF opened at $3.76 on Monday. The company has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $3.54. M&G has a 52-week low of $2.16 and a 52-week high of $3.85.

M&G Company Profile

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.