Man Group Plc (OTCMKTS:MNGPF) Short Interest Up 439.2% in July

Man Group Plc (OTCMKTS:MNGPF) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,535 shares, an increase of 439.2% from the July 15th total of 841 shares. Based on an average trading volume of 118 shares, the short-interest ratio is presently 38.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MNGPF shares. Citigroup reiterated a “neutral” rating on shares of Man Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Man Group in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane raised Man Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Man Group presently has a consensus rating of “Moderate Buy”.

Man Group Price Performance

Man Group stock opened at $4.06 on Friday. Man Group has a fifty-two week low of $2.10 and a fifty-two week high of $4.11. The stock has a 50-day simple moving average of $3.97 and a 200-day simple moving average of $3.77.

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.