MTN Group Limited (OTCMKTS:MTNOY) Short Interest Down 23.0% in February

MTN Group Limited (OTCMKTS:MTNOY) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 17,700 shares, a drop of 23.0% from the February 13th total of 23,000 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 12,200 shares, the days-to-cover ratio is currently 1.5 days.

MTN Group Stock Performance

Shares of MTN Group stock traded down $0.06 during trading on Wednesday, hitting $6.29. The stock had a trading volume of 7,750 shares, compared to its average volume of 21,656. MTN Group has a 1 year low of $3.92 and a 1 year high of $6.59. The stock has a 50 day simple moving average of $6.02 and a 200 day simple moving average of $5.29.

MTN Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1907 per share. This is an increase from MTN Group’s previous dividend of $0.12. The ex-dividend date of this dividend is Friday, April 11th.

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.