Man Group Plc (OTCMKTS:MNGPF) Short Interest Up 113.3% in February

Man Group Plc (OTCMKTS:MNGPF) was the recipient of a large growth in short interest in the month of 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 volume of 100 shares, the short-interest ratio is currently 96.0 days.

Analysts Set New Price Targets

A number of research firms recently commented on MNGPF. Canaccord Genuity Group raised shares of Man Group from a “sell” rating to a “buy” rating in a research note 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 Stock Performance

MNGPF stock remained flat at $2.71 during midday trading on Friday. Man Group has a one year low of $2.55 and a one year high of $3.55. The business’s fifty day moving average price is $2.66 and its 200 day moving average price is $2.64.

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.