Man Group Plc (OTCMKTS:MNGPF) Sees Significant Increase in Short Interest

Man Group Plc (OTCMKTS:MNGPF) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 9,600 shares, a growth of 113.3% from the January 31st total of 4,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 96.0 days.

Man Group Price Performance

Man Group stock remained flat at $2.71 during trading hours on Friday. Man Group has a 12-month low of $2.55 and a 12-month high of $3.55. The company’s fifty day simple moving average is $2.66 and its two-hundred day simple moving average is $2.64.

Wall Street Analyst Weigh In

MNGPF has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded Man Group from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th.

Man Group Company Profile

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.