Short Interest in Ninety One Group (OTCMKTS:NINTF) Declines By 63.4%

Ninety One Group (OTCMKTS:NINTF) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 2,250 shares, a decrease of 63.4% from the July 30th total of 6,147 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Ninety One Group in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Ninety One Group Price Performance

Shares of NINTF stock opened at C$2.60 on Friday. The company’s 50-day moving average price is C$2.66 and its 200-day moving average price is C$3.05. Ninety One Group has a twelve month low of C$2.60 and a twelve month high of C$3.50.

About Ninety One Group

Ninety One Group is a global investment management firm that provides a wide range of asset management solutions for institutional, intermediary and private investors. Tracing its origins to the asset management division of Investec plc, the company established its independence in March 2020 and rebranded to Ninety One, a nod to its founding year of 1991. Headquartered in London and Cape Town, the firm leverages decades of investment experience and research capabilities to serve diverse client needs.

The company’s core offerings span equities, fixed income, multi-asset strategies and real assets, including infrastructure and real estate.