Ninety One Group (OTCMKTS:NINTF) Sees Large Growth in Short Interest

Ninety One Group (OTCMKTS:NINTF) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 2,622 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Ninety One Group in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.

Ninety One Group Stock Performance

OTCMKTS NINTF opened at C$2.60 on Thursday. The firm’s 50 day moving average price is C$2.60 and its two-hundred day moving average price is C$2.84. Ninety One Group has a twelve month low of C$2.60 and a twelve month high of C$3.50.

Ninety One Group Company Profile

Ninety One Group is a global investment manager that provides active investment strategies and related services to institutions, financial advisers, wealth managers and private clients. The company manages portfolios across equities, fixed income, multi-asset investments and alternative strategies, with offerings designed for a range of investment objectives and risk profiles.

The company was established in 1991 as Investec Asset Management, originally operating as the asset-management business of Investec.