Man Group PLC Discloses 8.3 Form for American Axle & Manufacturing Holdings, Inc.

Man Group PLC has disclosed a 0.57% interest in American Axle & Manufacturing Holdings, Inc. with 675,581 shares, and a 1.85% short position with 2,180,934 shares. The disclosure is made under Rule 8.3 of the Takeover Code.

Man Group PLC has disclosed a significant interest in American Axle & Manufacturing Holdings, Inc. (AXL) under Rule 8.3 of the Takeover Code. The latest Form 8.3 filing reveals that Man Group holds a 0.57% interest in AXL's USD 0.01 common shares, representing 675,581 shares. Additionally, the company holds a 1.85% short position with 2,180,934 shares. The disclosure comes amidst heightened market focus on AXL, with analysts expecting the company to report quarterly earnings at 15 cents per share on revenue of $1.54 billion before the opening bell on August 7, 2025 [1].

Man Group's position in AXL is notable given the company's current short interest ratio of 6.0, which suggests a moderate level of pessimism among investors. As of June 30, 2025, 17,800,000 shares of AXL were sold short, representing 16.82% of its float. This increase in short interest from the previous month indicates a rise in bearish sentiment. The short interest ratio, calculated by dividing the number of shares sold short by its average trading volume, is a key indicator of investor sentiment. A ratio between 1 and 4 generally indicates strong positive sentiment, while a ratio of 10 or greater suggests strong pessimism. AXL's short interest ratio of 6.0 places it in the moderate pessimism range [1].

Institutional investors such as Ionic Capital Management LLC, PEAK6 LLC, Torno Capital LLC, Walleye Capital LLC, and Simplex Trading LLC have also reported short positions in AXL. The high short interest percentage of 16.82% suggests that some investors are pessimistic about the stock's future performance. Man Group's stake in AXL is part of a broader trend of increased short interest in the stock. The company's float size is 118,660,000 shares, with some shares subject to various restrictions. The public float, or floating shares, refers to the number of shares available for trading and is crucial in determining short interest percentages [1].

As AXL prepares to report its earnings, investors and financial professionals should closely monitor the company's performance and the impact of Man Group's stake on its share price. Man Group's disclosure provides transparency into its position, which can influence market sentiment and trading activities around AXL.

References:
[1] https://www.globenewswire.com/news-release/2025/08/15/3134067/0/en/Man-Group-PLC-Form-8-3-American-Axle-Manufacturing-Holdings-Inc.html