MTN Group Ltd. (OTCMKTS:MTNOY) Shares Shorted: Short Interest Up 179.9% in September

MTN Group Ltd. (OTCMKTS:MTNOY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 29,252 shares, a growth of 179.9% from the August 31st total of 10,450 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 96,371 shares, the short-interest ratio is currently 0.3 days.

MTN Group Trading Up 2.1%

Shares of OTCMKTS MTNOY traded up $0.25 during midday trading on Friday, hitting $12.13. The company’s stock had a trading volume of 14,443 shares, compared to its average volume of 38,607. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a fifty day moving average price of $12.51 and a 200 day moving average price of $12.70. MTN Group has a one year low of $7.91 and a one year high of $14.67.

MTN Group Company Profile

MTN Group Limited is a South African multinational telecommunications company headquartered in Johannesburg. Founded in 1994, the company has grown into a major provider of mobile communications and digital services across Africa and the Middle East.

MTN’s core activities include mobile voice and data services, broadband connectivity, digital content, and enterprise telecommunications solutions. Through its fintech operations, including the MoMo platform, the company also provides mobile money, payments, remittance, and related financial services in supported markets.

The group serves consumers, businesses, and public-sector organizations through operations in multiple countries, with a geographic focus on African markets and selected markets in the Middle East.