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

MTN Group Ltd. (OTCMKTS:MTNOY) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 25,300 shares, an increase of 78.2% from the September 30th total of 14,200 shares. Based on an average daily volume of 96,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 96,300 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Barclays restated an “underweight” rating on shares of MTN Group in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

MTN Group Stock Performance

Shares of MTN Group stock opened at $10.05 on Friday. MTN Group has a twelve month low of $4.34 and a twelve month high of $10.21. The business has a 50-day moving average price of $8.66 and a 200 day moving average price of $7.92.

MTN Group Company Profile

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.