Could Manchester United Limited (NYSE:MANU) Change Direction After More Shorts?

February 15, 2018 - By Ellis Scott

 Could Manchester United Limited (NYSE:MANU) Change Direction After More Shorts?

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.13, from 1.38 in 2017Q2. It dropped, as 6 investors sold Manchester United plc shares while 10 reduced holdings. 8 funds opened positions while 12 raised stakes. 33.50 million shares or 17.03% more from 28.62 million shares in 2017Q2 were reported.
Assetmark holds 4 shares. The Ontario – Canada-based Financial Bank Of Montreal Can has invested 0% in Manchester United plc (NYSE:MANU). Wells Fargo Com Mn invested in 0% or 6,465 shares. Gabelli Funds Lc accumulated 37,500 shares or 0% of the stock. 10 were reported by Baldwin Brothers Ma. California Employees Retirement owns 40,300 shares. Deutsche Comml Bank Ag holds 0% in Manchester United plc (NYSE:MANU) or 21,734 shares. Jupiter Asset Mgmt Ltd reported 2.78M shares stake. 30,806 are held by Millennium Mngmt Llc. Connable Office invested in 15,600 shares or 0.06% of the stock. Norman Fields Gottscho Capital reported 187,400 shares or 2.03% of all its holdings. 428,900 were accumulated by Renaissance Technology. D E Shaw & Com invested in 0.01% or 215,254 shares. Tower Research Ltd Limited Liability Company (Trc) owns 300 shares for 0% of their portfolio. Pennsylvania-based Symmetry Peak Mngmt Ltd Com has invested 0.04% in Manchester United plc (NYSE:MANU).

The stock of Manchester United Limited (NYSE:MANU) registered an increase of 1.93% in short interest. MANU’s total short interest was 317,100 shares in February as published by FINRA. Its up 1.93% from 311,100 shares, reported previously. With 109,500 shares average volume, it will take short sellers 3 days to cover their MANU’s short positions. The short interest to Manchester United Limited’s float is 0.99%.

The stock decreased 0.76% or $0.15 during the last trading session, reaching $19.5. About 7,777 shares traded. Manchester United plc (NYSE:MANU) has risen 0.85% since February 15, 2017 and is uptrending. It has underperformed by 15.85% the S&P500.

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company has market cap of $3.20 billion. The firm operates Manchester United Football Club, a professional football club. It currently has negative earnings. It develops marketing and sponsorship relationships with regional and international companies to leverage its brand.

Manchester United plc (NYSE:MANU) Ratings Coverage

Among 5 analysts covering Manchester United Ltd. (NYSE:MANU), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Manchester United Ltd. had 14 analyst reports since September 18, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Monday, September 18. The rating was maintained by Jefferies on Friday, September 18 with “Buy”. The rating was initiated by Gabelli with “Buy” on Monday, October 17. The rating was maintained by Credit Suisse on Tuesday, March 15 with “Outperform”. Jefferies maintained Manchester United plc (NYSE:MANU) on Friday, September 22 with “Buy” rating. The stock of Manchester United plc (NYSE:MANU) earned “Buy” rating by Jefferies on Monday, August 14. On Monday, June 5 the stock rating was maintained by Jefferies with “Buy”. Jefferies maintained it with “Buy” rating and $20 target in Tuesday, August 16 report. Jefferies maintained the shares of MANU in report on Thursday, November 16 with “Buy” rating.

More notable recent Manchester United plc (NYSE:MANU) news were published by: Businesswire.com which released: “Manchester United plc Announces Third Quarter 2017 Earnings Report Date” on May 02, 2017, also Businesswire.com with their article: “Manchester United plc 2017 Fourth Quarter and Full Year Results” published on September 21, 2017, Businesswire.com published: “Manchester United plc 2017 Third Quarter Results” on May 16, 2017. More interesting news about Manchester United plc (NYSE:MANU) were released by: Businesswire.com and their article: “Manchester United plc 2018 First Quarter Results” published on November 16, 2017 as well as Bloomberg.com‘s news article titled: “Man United’s Europa Win Sends Ajax Stock Down Most in a Year” with publication date: May 24, 2017.

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