Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Drops By 99.4%

MTN Group Limited (OTCMKTS:MTNOY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 200 shares, a drop of 99.4% from the May 31st total of 32,000 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is presently 0.0 days.

MTN Group Price Performance

MTNOY stock opened at $4.48 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a 50 day simple moving average of $4.66 and a 200 day simple moving average of $5.03. MTN Group has a 52 week low of $4.12 and a 52 week high of $8.04.

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.