MTN Group Ltd. (OTCMKTS:MTNOY) Sees Large Decrease in Short Interest

MTN Group Ltd. (OTCMKTS:MTNOY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 462 shares, a drop of 96.3% from the July 30th total of 12,616 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,910 shares, the days-to-cover ratio is presently 0.0 days.

MTN Group Trading Down 0.7%

Shares of MTN Group stock traded down $0.08 during trading on Wednesday, reaching $11.77. The company’s stock had a trading volume of 237 shares, compared to its average volume of 14,984. The business has a 50 day moving average price of $13.26 and a 200-day moving average price of $12.70. MTN Group has a 12-month low of $7.75 and a 12-month high of $14.67. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.31.

About MTN Group

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.