MTN Group Ltd. (OTCMKTS:MTNOY) Short Interest Update

MTN Group Ltd. (OTCMKTS:MTNOY) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 30,565 shares, a growth of 692.0% from the April 30th total of 3,859 shares. Based on an average daily trading volume, of 26,568 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are short sold.

MTN Group Stock Down 1.2%

MTN Group stock opened at $13.42 on Friday. The firm’s 50 day simple moving average is $12.37 and its 200-day simple moving average is $11.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.93. MTN Group has a fifty-two week low of $6.89 and a fifty-two week high of $13.61.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on shares of MTN Group in a research report on Monday, March 23rd. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, MTN Group 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.