Airtel Africa Plc (OTCMKTS:AAFRF) Short Interest Update

Airtel Africa Plc (OTCMKTS:AAFRF) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 285,402 shares, a drop of 39.0% from the May 14th total of 468,245 shares. Based on an average daily volume of 3,277 shares, the days-to-cover ratio is currently 87.1 days.

Airtel Africa Price Performance

Shares of OTCMKTS AAFRF opened at C$4.88 on Tuesday. The stock’s 50 day simple moving average is C$4.80 and its 200 day simple moving average is C$4.72. Airtel Africa has a 12-month low of C$2.25 and a 12-month high of C$5.85.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Airtel Africa in a research report on Tuesday, May 19th. Barclays reissued an “overweight” rating on shares of Airtel Africa in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Airtel Africa

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers. The company also provides messaging, value added, enterprise, and infrastructure sharing services, as well as support services.