Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 3,097 shares, a growth of 31.1% from the January 15th total of 2,363 shares. Based on an average daily volume of 1,493 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 1,493 shares, the days-to-cover ratio is presently 2.1 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MNGPF shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Man Group in a report on Friday, January 30th. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Man Group Stock Performance

OTCMKTS MNGPF opened at $3.67 on Wednesday. Man Group has a 1 year low of $2.01 and a 1 year high of $3.70. The company has a fifty day moving average of $3.14 and a 200 day moving average of $2.71.

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.