Airtel Africa Plc (OTCMKTS:AAFRF) Short Interest Update

Airtel Africa Plc (OTCMKTS:AAFRF) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 206,436 shares, a decline of 41.2% from the July 15th total of 350,915 shares. Based on an average daily trading volume, of 24,694 shares, the short-interest ratio is presently 8.4 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Airtel Africa in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Airtel Africa Trading Down 3.3%

Shares of AAFRF traded down C$0.15 during midday trading on Wednesday, hitting C$4.55. The company’s stock had a trading volume of 3,750 shares, compared to its average volume of 10,356. Airtel Africa has a one year low of C$2.90 and a one year high of C$5.85. The company’s fifty day simple moving average is C$4.65 and its two-hundred day simple moving average is C$4.72.

About Airtel Africa

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers. The company also provides messaging, value added, enterprise, and infrastructure sharing services, as well as support services.