Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 35.7% in September

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,700 shares, a decline of 35.7% from the September 15th total of 4,200 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group raised shares of Man Group from a “neutral” rating to a “buy” rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Man Group in a research report on Tuesday, September 2nd. Finally, Citigroup restated a “neutral” rating on shares of Man Group in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Man Group has an average rating of “Moderate Buy”.

Man Group Stock Performance

Shares of MNGPF stock opened at $2.68 on Friday. Man Group has a fifty-two week low of $2.01 and a fifty-two week high of $2.93. The business’s 50 day moving average price is $2.35 and its 200-day moving average price is $2.32.

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.