MTN Group Ltd. (OTCMKTS:MTNOY) Short Interest Update

MTN Group Ltd. (OTCMKTS:MTNOY) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,450 shares, an increase of 2,161.9% from the August 15th total of 462 shares. Based on an average daily volume of 29,266 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

MTN Group Price Performance

OTCMKTS MTNOY traded down $0.35 during mid-day trading on Thursday, reaching $12.52. 27,539 shares of the stock were exchanged, compared to its average volume of 16,610. MTN Group has a 1-year low of $7.75 and a 1-year high of $14.67. The business’s fifty day simple moving average is $12.92 and its 200 day simple moving average is $12.72. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.31.

About MTN Group

MTN Group Limited is a South African multinational telecommunications company headquartered in Johannesburg. Founded in 1994, the company has grown into a major provider of mobile communications and digital services across Africa and the Middle East.

MTN’s core activities include mobile voice and data services, broadband connectivity, digital content, and enterprise telecommunications solutions. Through its fintech operations, including the MoMo platform, the company also provides mobile money, payments, remittance, and related financial services in supported markets.

The group serves consumers, businesses, and public-sector organizations through operations in multiple countries, with a geographic focus on African markets and selected markets in the Middle East.