Pagegroup (OTCMKTS:MPGPF) Sees Large Drop in Short Interest

Key Points

• Pagegroup experienced a significant decline in short interest, dropping by 54.3% in July, with total short interest at 574,100 shares as of July 31st.
• The company's stock remained flat at $3.76, with a 52-week trading range between $3.26 and $4.09.
• UBS Group downgraded Pagegroup from a "strong-buy" to a "hold" rating in a recent research note.

Pagegroup (OTCMKTS:MPGPF - Get Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 574,100 shares, adeclineof54.3% from the July 15th total of 1,256,200 shares. Currently,0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 5,741.0 days. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 5,741.0 days. Currently,0.2% of the shares of the stock are short sold.

Pagegroup Stock Performance

MPGPF remained flat at $3.76 during midday trading on Friday. The business has a fifty day moving average price of $3.59 and a 200-day moving average price of $3.82. Pagegroup has a 52 week low of $3.26 and a 52 week high of $4.09.

Wall Street Analyst Weigh In

Separately, UBS Group lowered Pagegroup from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 20th.

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.

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