Ninety One Group (OTCMKTS:NINTF) Short Interest Update

Ninety One Group (OTCMKTS:NINTF) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 6,147 shares, a decline of 47.9% from the July 15th total of 11,797 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Ninety One Group Price Performance

Shares of NINTF stock remained flat at C$2.60 during midday trading on Tuesday. Ninety One Group has a 12 month low of C$2.60 and a 12 month high of C$3.50. The stock’s fifty day moving average price is C$2.72 and its 200 day moving average price is C$3.10.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Ninety One Group in a report on Friday, July 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Ninety One Group Company Profile

Ninety One Group is a global investment management firm that provides a wide range of asset management solutions for institutional, intermediary and private investors. Tracing its origins to the asset management division of Investec plc, the company established its independence in March 2020 and rebranded to Ninety One, a nod to its founding year of 1991. Headquartered in London and Cape Town, the firm leverages decades of investment experience and research capabilities to serve diverse client needs.

The company’s core offerings span equities, fixed income, multi-asset strategies and real assets, including infrastructure and real estate.