MTN Group Ltd. (OTCMKTS:MTNOY) Short Interest Down 96.3% in August

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

MTN Group Trading Up 0.9%

Shares of MTNOY opened at $11.95 on Thursday. 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. The firm’s fifty day simple moving average is $13.21 and its two-hundred day simple moving average is $12.70.

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.