Short Interest in Pagegroup (OTCMKTS:MPGPF) Drops By 54.3%

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 decrease in short interest in the month of July. As of July 31st, there was short interest totaling 574,100 shares, adecreaseof54.3% from the July 15th total of 1,256,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 5,741.0 days. Approximately0.2% of the company's shares are sold short. Approximately0.2% of the company's shares are sold short. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 5,741.0 days.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Pagegroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Pagegroup Price Performance

Shares of OTCMKTS MPGPF remained flat at $3.7590 during midday trading on Friday. The firm's 50-day moving average is $3.59 and its two-hundred day moving average is $3.81. Pagegroup has a one year low of $3.26 and a one year high of $4.0867.

About Pagegroup

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.