Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 88.3% in June

Man Group Plc (OTCMKTS:MNGPF) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,095 shares, a drop of 88.3% from the June 15th total of 26,422 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Ratings Changes

MNGPF has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered Man Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Man Group in a research note on Monday. Finally, BNP Paribas Exane raised Man Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Man Group Trading Up 3.0%

OTCMKTS MNGPF traded up $0.12 on Friday, hitting $4.11. 6,036 shares of the stock were exchanged, compared to its average volume of 16,014. Man Group has a fifty-two week low of $2.10 and a fifty-two week high of $4.11. The company has a 50-day moving average price of $3.82 and a 200-day moving average price of $3.58.

Man Group Company Profile

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.