Megacable Holdings, S. A. B. de C. V. (OTCMKTS:MHSDF) Sees Large Decline in Short Interest

Megacable Holdings, S. A. B. de C. V. (OTCMKTS:MHSDF) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 54,700 shares, a decrease of 53.8% from the September 15th total of 118,500 shares. Based on an average daily trading volume, of 56,200 shares, the short-interest ratio is currently 1.0 days.

Separately, Itau BBA Securities upgraded Megacable Holdings, S. A. B. de C. V. from a “market perform” rating to an “outperform” rating in a research report on Friday, July 23rd.

OTCMKTS MHSDF traded down $0.05 during trading hours on Thursday, reaching $3.05. The stock had a trading volume of 15,200 shares, compared to its average volume of 16,531. The stock has a fifty day moving average of $3.33 and a 200 day moving average of $3.55. Megacable Holdings, S. A. B. de C. V. has a 52-week low of $2.47 and a 52-week high of $4.36.

Megacable Holdings, S. A. B. de C. V. Company Profile

Megacable Holdings SAB de CV engages in the provision of telecommunications services. It operates through the following segments: Cable, Internet, Telephony, Business, and Others. The Cable segment offers subscription for basic, premier, lifeline, mini-basic video, advertising sales, and other services.

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