Manchester United PLC (NYSE:MANU) Short Interest Update

Manchester United PLC (NYSE:MANU) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 43,700 shares, a decline of 39.1% from the July 31st total of 71,700 shares. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

A number of brokerages have recently commented on MANU. ValuEngine cut Manchester United from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut Manchester United from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Manchester United has a consensus rating of “Hold” and an average target price of $22.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in MANU. Geode Capital Management LLC raised its holdings in Manchester United by 47.3% in the 4th quarter. Geode Capital Management LLC now owns 18,378 shares of the company’s stock worth $348,000 after acquiring an additional 5,905 shares during the last quarter. Spark Investment Management LLC raised its holdings in Manchester United by 65.3% in the 1st quarter. Spark Investment Management LLC now owns 42,600 shares of the company’s stock worth $818,000 after acquiring an additional 16,825 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Manchester United by 1,654.5% in the 1st quarter. Acadian Asset Management LLC now owns 29,581 shares of the company’s stock worth $569,000 after acquiring an additional 27,895 shares during the last quarter. Clark Estates Inc. NY raised its holdings in Manchester United by 19.2% in the 1st quarter. Clark Estates Inc. NY now owns 104,298 shares of the company’s stock worth $2,005,000 after acquiring an additional 16,800 shares during the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new position in Manchester United in the 1st quarter worth approximately $1,290,000. Institutional investors own 82.70% of the company’s stock.

Shares of MANU traded up $0.10 during mid-day trading on Friday, reaching $17.30. The company had a trading volume of 145,300 shares, compared to its average volume of 58,246. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. The firm has a 50-day moving average price of $17.47 and a 200 day moving average price of $18.62. Manchester United has a 52 week low of $16.68 and a 52 week high of $25.20. The company has a market capitalization of $691.27 million, a price-to-earnings ratio of 123.57, a price-to-earnings-growth ratio of 25.96 and a beta of 0.69.

Manchester United Company Profile

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.

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