Man Group Plc (OTCMKTS:MNGPF) Short Interest Update

Man Group Plc (OTCMKTS:MNGPF) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 7,900 shares, a decrease of 17.7% from the February 13th total of 9,600 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

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

Man Group Stock Performance

Shares of OTCMKTS MNGPF traded up $0.22 during trading hours on Wednesday, hitting $2.93. 200 shares of the company traded hands, compared to its average volume of 233. The company’s 50 day moving average price is $2.68 and its 200 day moving average price is $2.66. Man Group has a 12 month low of $2.55 and a 12 month high of $3.55.

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.