Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Declines By 23.0%

MTN Group Limited (OTCMKTS:MTNOY) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 17,700 shares, a decline of 23.0% from the February 13th total of 23,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,200 shares, the days-to-cover ratio is presently 1.5 days.

MTN Group Price Performance

Shares of MTNOY stock traded down $0.06 during mid-day trading on Tuesday, hitting $6.29. The company had a trading volume of 7,750 shares, compared to its average volume of 21,651. MTN Group has a 52-week low of $3.92 and a 52-week high of $6.59. The stock’s 50 day moving average price is $6.00 and its 200-day moving average price is $5.28.

About MTN Group

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.