Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Declines By 23.0%

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

MTN Group Stock Performance

Shares of MTNOY traded down $0.06 during mid-day trading on Tuesday, reaching $6.29. The stock had a trading volume of 7,750 shares, compared to its average volume of 21,651. MTN Group has a 12 month low of $3.92 and a 12 month high of $6.59. The business has a fifty day moving average of $6.00 and a 200 day moving average of $5.28.

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.