M&G plc (OTCMKTS:MGPUF) Short Interest Update

M&G plc (OTCMKTS:MGPUF) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 742,113 shares, an increase of 42.9% from the February 12th total of 519,314 shares. Based on an average daily volume of 2,669 shares, the days-to-cover ratio is currently 278.0 days. Based on an average daily volume of 2,669 shares, the days-to-cover ratio is currently 278.0 days.

Analysts Set New Price Targets

Separately, UBS Group downgraded M&G to a “neutral” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

M&G Stock Performance

Shares of OTCMKTS:MGPUF opened at $4.12 on Monday. M&G has a 12 month low of $2.16 and a 12 month high of $4.50. The firm’s 50-day moving average is $4.21 and its 200 day moving average is $3.77.

About M&G

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.