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

MTN Group Ltd. (OTCMKTS:MTNOY) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 462 shares, a drop of 96.3% from the July 30th total of 12,616 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,910 shares, the short-interest ratio is presently 0.0 days.

MTN Group Stock Performance

Shares of OTCMKTS MTNOY traded down $0.03 during trading on Tuesday, reaching $11.85. The company had a trading volume of 8,747 shares, compared to its average volume of 16,853. MTN Group has a twelve month low of $7.75 and a twelve month high of $14.67. The stock has a 50-day moving average price of $13.26 and a two-hundred day moving average price of $12.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.94.

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.