Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 51.9% in March

Man Group Plc (OTCMKTS:MNGPF) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,800 shares, a drop of 51.9% from the February 28th total of 7,900 shares. Based on an average daily volume of 78,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised shares of Man Group from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th.

Man Group Stock Performance

Shares of OTCMKTS:MNGPF remained flat at $2.93 during trading hours on Friday. The firm’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.67. Man Group has a 1 year low of $2.55 and a 1 year high of $3.55.

About Man Group

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.