Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 841 shares, a drop of 72.8% from the June 30th total of 3,095 shares. Based on an average trading volume of 45,552 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several brokerages recently commented on MNGPF. Citigroup reissued a “neutral” rating on shares of Man Group in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft cut Man Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, BNP Paribas Exane raised Man Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Man Group Stock Down 8.5%

Shares of OTCMKTS MNGPF traded down $0.35 during midday trading on Tuesday, reaching $3.76. The company’s stock had a trading volume of 276 shares, compared to its average volume of 14,642. The company has a 50 day moving average price of $3.88 and a 200 day moving average price of $3.68. Man Group has a one year low of $2.10 and a one year high of $4.11.

About Man Group

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.