Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 26,422 shares, an increase of 1,126.1% from the May 31st total of 2,155 shares. Based on an average daily trading volume, of 449 shares, the short-interest ratio is currently 58.8 days.

Analyst Upgrades and Downgrades

MNGPF has been the topic of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of Man Group in a report on Monday, April 20th. BNP Paribas Exane upgraded Man Group from a “neutral” rating to an “outperform” rating in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft downgraded Man Group from a “buy” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Man Group Price Performance

Shares of MNGPF stock opened at $3.85 on Friday. Man Group has a 52 week low of $2.10 and a 52 week high of $3.90. The firm has a 50 day moving average of $3.74 and a two-hundred day moving average of $3.50.

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.