Short Interest in M&G plc (OTCMKTS:MGPUF) Expands By 42.9%

M&G plc (OTCMKTS:MGPUF) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 742,113 shares, a growth of 42.9% from the February 12th total of 519,314 shares. Based on an average daily volume of 2,669 shares, the short-interest ratio is presently 278.0 days. Based on an average daily volume of 2,669 shares, the short-interest ratio is presently 278.0 days.

M&G Price Performance

OTCMKTS:MGPUF remained flat at $4.12 during midday trading on Friday. 100 shares of the company were exchanged, compared to its average volume of 2,353. M&G has a 12 month low of $2.16 and a 12 month high of $4.50. The firm has a 50-day moving average price of $4.21 and a 200-day moving average price of $3.77.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded M&G to a “neutral” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

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.