Ninety One Group (OTCMKTS:NINTF) Shares Shorted: Short Interest Down 62.4% in October

Ninety One Group (OTCMKTS:NINTF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 985 shares, a decline of 62.4% from the September 30th total of 2,622 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Ninety One Group Stock Performance

Shares of OTCMKTS:NINTF remained flat at C$2.60 during trading on Friday. The company’s 50-day moving average is C$2.60 and its two-hundred day moving average is C$2.95. Ninety One Group has a 52-week low of C$2.60 and a 52-week high of C$3.50.

Analyst Upgrades and Downgrades

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.com, the stock currently has a consensus rating of “Hold”.

About Ninety One Group

Ninety One Group plc is a global investment management firm that provides investment solutions to institutional investors, financial advisers, wealth managers and private clients. The company manages active investment strategies across public and private markets, with a focus on helping clients meet long-term investment objectives.

Its products and services include equity, fixed-income and multi-asset strategies, as well as alternatives and other specialist investment solutions. Ninety One offers strategies covering global and emerging markets, including portfolios focused on equities, credit, infrastructure, natural resources and sustainable investing.

The company was established in South Africa in 1991 as Investec Asset Management and became an independently listed business in 2020 following its demerger from Investec.