Man Group Plc (OTCMKTS:MNGPF) Stock Short Interest Report for October

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 20,274 shares, an increase of 3,640.6% from the October 15th total of 542 shares. Based on an average daily volume of 543 shares, the days-to-cover ratio is presently 37.3 days.

Man Group Price Performance

Man Group stock remained flat at $3.90 during mid-day trading on Tuesday. 6 shares of the company’s stock traded hands, compared to its average volume of 10,634. The business has a fifty day moving average price of $4.09 and a 200 day moving average price of $3.87. Man Group has a 52-week low of $2.65 and a 52-week high of $4.66.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Man Group in a report on Friday, October 2nd. Citigroup reaffirmed a “buy” rating on shares of Man Group in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Man Group Company Profile

Man Group plc is a global active investment management firm serving institutional investors, private-wealth clients and other financial intermediaries. The company manages a range of investment strategies across public and private markets, with capabilities spanning alternative investments, long-only equities and fixed income, multi-asset portfolios, and customized investment solutions. Man Group operates through several specialist investment businesses, including AHL, which focuses on systematic and quantitative strategies; Man GLG, a discretionary investment manager; Man Numeric, which applies quantitative approaches to equities; and Man Solutions, which provides portfolio design, advisory and implementation services.