Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 72.8% in July

Man Group Plc (OTCMKTS:MNGPF) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 841 shares, a decrease of 72.8% from the June 30th total of 3,095 shares. Based on an average daily trading volume, of 45,552 shares, the days-to-cover ratio is presently 0.0 days.

Man Group Stock Performance

Shares of OTCMKTS:MNGPF remained flat at $4.11 on Friday. 10 shares of the stock traded hands, compared to its average volume of 14,643. The stock’s 50-day moving average is $3.87 and its 200-day moving average is $3.66. Man Group has a 12-month low of $2.10 and a 12-month high of $4.11.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Man Group from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Man Group in a research note on Monday, July 6th. Finally, BNP Paribas Exane raised Man Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Man Group currently has an average rating of “Moderate Buy”.

About Man Group

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.