M&G plc (OTCMKTS:MGPUF) Short Interest Update

M&G plc (OTCMKTS:MGPUF) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 519,314 shares, an increase of 215.3% from the January 29th total of 164,694 shares. Based on an average trading volume of 232 shares, the days-to-cover ratio is presently 2,238.4 days. Based on an average trading volume of 232 shares, the days-to-cover ratio is presently 2,238.4 days.

Analyst Ratings Changes

Separately, UBS Group cut M&G to a “neutral” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

M&G Price Performance

MGPUF stock traded up $0.20 during trading on Thursday, reaching $4.50. The company had a trading volume of 277 shares, compared to its average volume of 2,918. M&G has a 52 week low of $2.16 and a 52 week high of $4.50. The business has a 50 day moving average of $4.10 and a 200 day moving average of $3.73.

M&G Company Profile

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.