Man Group Plc (OTCMKTS:MNGPF) Short Interest Down 51.9% in March

Man Group Plc (OTCMKTS:MNGPF) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,800 shares, a decrease of 51.9% from the February 28th total of 7,900 shares. Based on an average daily volume of 78,100 shares, the short-interest ratio is presently 0.0 days.

Man Group Stock Performance

Shares of OTCMKTS MNGPF remained flat at $2.93 during mid-day trading on Friday. Man Group has a one year low of $2.55 and a one year high of $3.55. The firm has a 50-day simple moving average of $2.73 and a 200-day simple moving average of $2.67.

Wall Street Analysts Forecast Growth

MNGPF has been the subject of several 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 Man Group from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th.

About Man Group

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.