MTN Group Limited (OTCMKTS:MTNOY) Sees Significant Drop in Short Interest

MTN Group Limited (OTCMKTS:MTNOY) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 23,000 shares, a decrease of 52.1% from the January 31st total of 48,000 shares. Based on an average daily trading volume, of 18,400 shares, the days-to-cover ratio is currently 1.3 days.

MTN Group Stock Up 0.8 %

Shares of OTCMKTS MTNOY traded up $0.05 during trading hours on Friday, reaching $6.35. The stock had a trading volume of 17,145 shares, compared to its average volume of 23,847. The business’s fifty day moving average price is $5.66 and its two-hundred day moving average price is $5.19. MTN Group has a 52-week low of $3.92 and a 52-week high of $6.59.

About MTN Group

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, digital and fintech, interconnect, and roaming services, as well as sells mobile devices.