MTN Group Limited (OTCMKTS:MTNOY) Sees Significant Growth in Short Interest

MTN Group Limited (OTCMKTS:MTNOY – Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 161,400 shares, an increase of 1,151.2% from the December 15th total of 12,900 shares. Based on an average daily volume of 48,200 shares, the days-to-cover ratio is currently 3.3 days.

MTN Group Price Performance

MTNOY traded down $0.08 during trading on Monday, reaching $4.70. 127,037 shares of the company were exchanged, compared to its average volume of 60,205. MTN Group has a 52 week low of $3.92 and a 52 week high of $5.93. The firm has a 50 day moving average of $4.66 and a 200 day moving average of $4.79.

MTN Group Company Profile

(Get Free Report)

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.

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