MTN Group Ltd. (OTCMKTS:MTNOY) Short Interest Update

MTN Group Ltd. (OTCMKTS:MTNOY) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 6,380 shares, a decline of 81.7% from the May 31st total of 34,802 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 42,315 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, UBS Group started coverage on shares of MTN Group in a research note on Monday, March 23rd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MTN Group currently has an average rating of “Hold”.

MTN Group Price Performance

OTCMKTS:MTNOY traded down $0.19 during mid-day trading on Friday, hitting $13.72. 10,883 shares of the company traded hands, compared to its average volume of 16,690. 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’s fifty day moving average price is $13.05 and its 200-day moving average price is $11.87. MTN Group has a one year low of $7.71 and a one year high of $14.67.

MTN Group Company Profile

MTN Group (OTCMKTS: MTNOY) is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.

The company’s core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.