MTN Group Ltd. (OTCMKTS:MTNOY) Sees Significant Growth in Short Interest
by Scott Moore · The Cerbat GemMTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 29,252 shares, a growth of 179.9% from the August 31st total of 10,450 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 96,371 shares, the short-interest ratio is presently 0.3 days.
MTN Group Trading Up 2.1%
Shares of OTCMKTS MTNOY traded up $0.25 during midday trading on Friday, hitting $12.13. The company’s stock had a trading volume of 14,443 shares, compared to its average volume of 38,607. The business’s 50 day moving average is $12.51 and its two-hundred day moving average is $12.70. 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 12-month low of $7.91 and a 12-month high of $14.67.
MTN Group Company Profile
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.