Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 72.8% in July

Man Group Plc (OTCMKTS:MNGPF) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 841 shares, a decline of 72.8% from the June 30th total of 3,095 shares. Based on an average trading volume of 45,552 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MNGPF shares. BNP Paribas Exane upgraded Man Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft cut Man Group from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Citigroup restated a “neutral” rating on shares of Man Group in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Man Group Stock Performance

Shares of MNGPF remained flat at $4.11 during trading hours on Friday. The stock had a trading volume of 10 shares, compared to its average volume of 14,643. The company’s 50-day moving average is $3.87 and its 200 day moving average is $3.66. Man Group has a 1 year low of $2.10 and a 1 year high of $4.11.

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.