MTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 15,919 shares, a drop of 47.4% from the November 30th total of 30,266 shares. Based on an average daily volume of 10,615 shares, the short-interest ratio is presently 1.5 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 10,615 shares, the short-interest ratio is presently 1.5 days.
MTN Group Stock Down 0.2%
OTCMKTS:MTNOY traded down $0.02 during mid-day trading on Friday, reaching $9.97. The company’s stock had a trading volume of 1,313 shares, compared to its average volume of 10,324. MTN Group has a twelve month low of $4.67 and a twelve month high of $10.21. The company’s fifty day simple moving average is $9.63 and its two-hundred day simple moving average is $8.76.
Wall Street Analysts Forecast Growth
Separately, Barclays reaffirmed an “underweight” rating on shares of MTN Group in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
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.
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