MTN Group Ltd. (OTCMKTS:MTNOY) Shares Shorted: Short Interest Down 63.6% in October

MTN Group Ltd. (OTCMKTS:MTNOY) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 26,584 shares, a decrease of 63.6% from the September 30th total of 72,981 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 88,796 shares, the short-interest ratio is currently 0.3 days.

MTN Group Stock Performance

MTNOY stock traded down $0.02 during mid-day trading on Thursday, reaching $11.87. The company had a trading volume of 4,017 shares, compared to its average volume of 20,149. MTN Group has a one year low of $9.03 and a one year high of $14.67. The stock’s 50-day simple moving average is $11.86 and its two-hundred day simple moving average is $12.36.

MTN Group Company Profile

MTN Group Limited is a South African multinational telecommunications company headquartered in Johannesburg. Founded in 1994, the company provides mobile communications and digital services across markets in Africa and the Middle East under the MTN brand.

Its principal services include mobile voice and messaging, data connectivity, broadband, roaming, and related digital products. MTN also offers mobile financial services through MoMo, including digital payments, money transfers, and other financial solutions, as well as enterprise connectivity and information and communications technology services for businesses and organizations.

MTN Group serves consumers, businesses, and public-sector customers through mobile and fixed-network infrastructure, retail channels, and digital platforms.