Phoenix Group Holdings plc (OTCMKTS:PNXGF) Short Interest Update

Phoenix Group Holdings plc (OTCMKTS:PNXGFGet Rating) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 239,400 shares, an increase of 131.1% from the May 15th total of 103,600 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

PNXGF has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Phoenix Group from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 31st. The Goldman Sachs Group upgraded shares of Phoenix Group from a “neutral” rating to a “buy” rating in a research note on Sunday, May 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Phoenix Group from GBX 795 ($9.96) to GBX 750 ($9.40) in a research report on Wednesday, March 16th. Barclays cut their price objective on shares of Phoenix Group from GBX 804 ($10.08) to GBX 780 ($9.77) in a research report on Monday, April 4th. Finally, UBS Group cut their price objective on shares of Phoenix Group from GBX 650 ($8.15) to GBX 640 ($8.02) in a research report on Thursday, May 26th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $720.00.

Phoenix Group stock remained flat at $$7.10 during mid-day trading on Monday. 2 shares of the company traded hands, compared to its average volume of 1,271. The company has a 50 day moving average of $7.51 and a 200 day moving average of $8.31. Phoenix Group has a one year low of $7.10 and a one year high of $10.24.

Phoenix Group Company Profile (Get Rating)

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.

Further Reading

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