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

MTN Group Ltd. (OTCMKTS:MTNOY) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 462 shares, a decrease 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 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 midday trading on Tuesday, hitting $11.85. 8,747 shares of the stock were exchanged, compared to its average volume of 16,853. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. MTN Group has a twelve month low of $7.75 and a twelve month high of $14.67. The company has a 50 day moving average price of $13.26 and a 200-day moving average price of $12.70.

MTN Group Company Profile

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.