Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,066 shares, a drop of 51.9% from the February 26th total of 4,298 shares. Based on an average daily trading volume, of 130 shares, the days-to-cover ratio is currently 15.9 days.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Man Group in a report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Man Group Stock Performance

Shares of OTCMKTS MNGPF remained flat at $3.74 during trading on Friday. Man Group has a twelve month low of $2.01 and a twelve month high of $3.74. The stock’s 50-day moving average is $3.59 and its 200-day moving average is $2.99.

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.