MTN Group Limited (OTCMKTS:MTNOY) Sees Large Decrease in Short Interest

MTN Group Limited (OTCMKTS:MTNOY) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 23,000 shares, a decline of 52.1% from the January 31st total of 48,000 shares. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is currently 1.3 days.

MTN Group Trading Up 0.8 %

OTCMKTS MTNOY traded up $0.05 during trading hours on Friday, hitting $6.35. 17,145 shares of the company were exchanged, compared to its average volume of 23,847. The stock has a 50-day moving average price of $5.66 and a 200 day moving average price of $5.19. MTN Group has a 52 week low of $3.92 and a 52 week high of $6.59.

About MTN Group

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.