M&G plc (OTCMKTS:MGPUF) Sees Large Increase in Short Interest

M&G plc (OTCMKTS:MGPUF) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 519,314 shares, a growth of 215.3% from the January 29th total of 164,694 shares. Based on an average daily volume of 232 shares, the short-interest ratio is presently 2,238.4 days. Based on an average daily volume of 232 shares, the short-interest ratio is presently 2,238.4 days.

M&G Stock Up 4.7%

M&G stock traded up $0.20 during trading on Friday, reaching $4.50. 277 shares of the company’s stock were exchanged, compared to its average volume of 2,918. M&G has a 52-week low of $2.16 and a 52-week high of $4.50. The company’s 50-day moving average is $4.12 and its two-hundred day moving average is $3.74.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered M&G to a “neutral” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, M&G presently has a consensus rating of “Hold”.

About M&G

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.