Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Drops By 79.6%

MTN Group Limited (OTCMKTS:MTNOY) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 12,900 shares, a drop of 79.6% from the November 30th total of 63,300 shares. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is presently 0.2 days.

MTN Group Trading Up 12.1 %

Shares of OTCMKTS MTNOY traded up $0.53 during mid-day trading on Friday, reaching $4.94. The company had a trading volume of 34,943 shares, compared to its average volume of 32,088. MTN Group has a twelve month low of $3.92 and a twelve month high of $6.38. The stock’s 50 day moving average is $4.69 and its 200-day moving average is $4.76.

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.