Naspers Ltd. (OTCMKTS:NPSNY) Short Interest Down 17.8% in February

Naspers Ltd. (OTCMKTS:NPSNY) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 389,180 shares, a drop of 17.8% from the February 12th total of 473,376 shares. Based on an average daily trading volume, of 356,692 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 356,692 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

NPSNY has been the topic of several recent research reports. Barclays reissued an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of Naspers from a “buy” rating to a “hold” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Naspers has an average rating of “Buy”.

Naspers Stock Up 0.6%

OTCMKTS:NPSNY opened at $11.81 on Wednesday. The firm has a 50-day moving average of $12.05 and a two-hundred day moving average of $24.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66. Naspers has a 1-year low of $8.34 and a 1-year high of $15.15.

About Naspers

Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.

A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.