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

Ninety One Group (OTCMKTS:NINTF) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,250 shares, a decrease of 63.4% from the July 30th total of 6,147 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

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

Ninety One Group Price Performance

NINTF stock remained flat at C$2.60 during mid-day trading on Friday. Ninety One Group has a 12 month low of C$2.60 and a 12 month high of C$3.50. The company’s fifty day simple moving average is C$2.65 and its 200 day simple moving average is C$3.05.

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.