Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Drops By 79.6%

MTN Group Limited (OTCMKTS:MTNOY) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 12,900 shares, a drop of 79.6% from the November 30th total of 63,300 shares. Based on an average daily trading volume, of 63,500 shares, the short-interest ratio is currently 0.2 days.

MTN Group Stock Down 1.1 %

Shares of MTNOY traded down $0.01 during mid-day trading on Thursday, reaching $4.51. The company had a trading volume of 16,025 shares, compared to its average volume of 32,031. MTN Group has a 52-week low of $3.92 and a 52-week high of $6.40. The stock has a 50 day moving average of $4.71 and a two-hundred day moving average of $4.76.

MTN Group Company Profile

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, digital and fintech, interconnect, and roaming services, as well as sells mobile devices.