Short Interest in Man Group Plc (OTCMKTS:MNGPF) Declines By 51.9%

Man Group Plc (OTCMKTS:MNGPF) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,800 shares, a drop 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 currently 0.0 days.

Man Group Price Performance

Man Group stock remained flat at $2.93 during midday trading on Friday. The business has a 50 day moving average price of $2.73 and a 200-day moving average price of $2.67. Man Group has a 52-week low of $2.55 and a 52-week high of $3.55.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MNGPF. Canaccord Genuity Group raised 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.