Ninety One Group (OTCMKTS:NINTF) Sees Significant Drop in Short Interest

Ninety One Group (OTCMKTS:NINTF) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,147 shares, a decline of 47.9% from the July 15th total of 11,797 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Ninety One Group Price Performance

OTCMKTS NINTF opened at C$2.60 on Friday. The stock’s fifty day moving average is C$2.73 and its two-hundred day moving average is C$3.11. Ninety One Group has a fifty-two week low of C$2.60 and a fifty-two week high of C$3.50.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Ninety One Group in a report on Friday, July 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Ninety One Group Company Profile

Ninety One Group is a global investment management firm that provides a wide range of asset management solutions for institutional, intermediary and private investors. Tracing its origins to the asset management division of Investec plc, the company established its independence in March 2020 and rebranded to Ninety One, a nod to its founding year of 1991. Headquartered in London and Cape Town, the firm leverages decades of investment experience and research capabilities to serve diverse client needs.

The company’s core offerings span equities, fixed income, multi-asset strategies and real assets, including infrastructure and real estate.