Man Group Plc (OTCMKTS:MNGPF) Short Interest Up 22.6% in February

Man Group Plc (OTCMKTS:MNGPF) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 4,298 shares, a growth of 22.6% from the February 12th total of 3,506 shares. Based on an average trading volume of 3,903 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 3,903 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

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

Man Group Price Performance

Shares of MNGPF stock opened at $3.74 on Monday. Man Group has a 1 year low of $2.01 and a 1 year high of $3.74. The firm has a fifty day moving average price of $3.42 and a 200-day moving average price of $2.90.

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.