Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 45.9% in May

Man Group Plc (OTCMKTS:MNGPF) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,211 shares, a drop of 45.9% from the April 30th total of 4,086 shares. Based on an average daily volume of 9 shares, the days-to-cover ratio is currently 245.7 days.

Man Group Price Performance

Shares of MNGPF remained flat at $3.90 during midday trading on Wednesday. 1,000 shares of the company’s stock traded hands, compared to its average volume of 4,446. The firm has a 50 day simple moving average of $3.67 and a 200 day simple moving average of $3.35. Man Group has a twelve month low of $2.10 and a twelve month high of $3.90.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reiterated a “neutral” rating on shares of Man Group in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Man Group in a research note on Monday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Man Group presently has an average rating of “Moderate Buy”.

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.