Short Interest in Man Group Plc (OTCMKTS:MNGPF) Decreases By 51.9%

Man Group Plc (OTCMKTS:MNGPF) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 2,066 shares, a decrease of 51.9% from the February 26th total of 4,298 shares. Based on an average trading volume of 130 shares, the days-to-cover ratio is currently 15.9 days.

Wall Street Analyst Weigh In

MNGPF has been the subject of a number of recent research reports. Citigroup reiterated a “neutral” rating on shares of Man Group in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Man Group in a research note on Friday, January 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Man Group Stock Performance

Shares of MNGPF opened at $3.74 on Thursday. The stock has a fifty day moving average of $3.55 and a two-hundred day moving average of $2.98. Man Group has a fifty-two week low of $2.01 and a fifty-two week high of $3.74.

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.