PageGroup plc (OTCMKTS:MPGPF) Sees Large Increase in Short Interest

PageGroup plc (OTCMKTS:MPGPF) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 400,400 shares, a growth of 78.5% from the January 31st total of 224,300 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is presently 286.0 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of PageGroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

PageGroup Stock Performance

Shares of OTCMKTS:MPGPF remained flat at $4.00 during mid-day trading on Friday. 13,879 shares of the company traded hands, compared to its average volume of 465. PageGroup has a fifty-two week low of $3.78 and a fifty-two week high of $4.09. The firm’s 50-day simple moving average is $4.30 and its 200 day simple moving average is $4.79.

PageGroup Company Profile

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It offers executive search services, such as search, selection, and talent management solutions for organizations on a permanent and interim basis under the Page Executive brand; and recruitment services for qualified professional and management level on permanent, temporary, and contract or interim basis under the Michael Page brand.