M&G plc (OTCMKTS:MGPUF) Sees Significant Drop in Short Interest

M&G plc (OTCMKTS:MGPUF) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 785,200 shares, a decrease of 28.3% from the January 31st total of 1,095,800 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 237.9 days.

M&G Stock Performance

MGPUF stock traded down $0.21 during trading on Tuesday, hitting $2.69. 891 shares of the stock traded hands, compared to its average volume of 23,161. M&G has a 1 year low of $2.24 and a 1 year high of $3.04. The firm’s 50 day moving average is $2.59 and its two-hundred day moving average is $2.65.

About M&G

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.