Short Interest in Man Group Plc (OTCMKTS:MNGPF) Declines By 95.4%

Man Group Plc (OTCMKTS:MNGPF) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 716 shares, a drop of 95.4% from the August 15th total of 15,447 shares. Based on an average daily volume of 2 shares, the days-to-cover ratio is presently 358.0 days.

Wall Street Analysts Forecast Growth

MNGPF has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Man Group in a research note on Friday, September 4th. BNP Paribas Exane raised shares of Man Group from a “neutral” rating to an “outperform” rating in a report on Thursday, June 18th. Finally, Citigroup reiterated a “neutral” rating on shares of Man Group in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Man Group Price Performance

Shares of OTCMKTS:MNGPF remained flat at $4.06 during trading on Friday. Man Group has a 12-month low of $2.10 and a 12-month high of $4.11. The firm’s 50-day simple moving average is $4.05 and its two-hundred day simple moving average is $3.84.

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.