Airtel Africa Plc (OTCMKTS:AAFRF) Short Interest Update

Airtel Africa Plc (OTCMKTS:AAFRF) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 285,402 shares, a drop of 39.0% from the May 14th total of 468,245 shares. Based on an average daily trading volume, of 3,277 shares, the days-to-cover ratio is currently 87.1 days.

Airtel Africa Stock Performance

Airtel Africa stock opened at C$5.05 on Monday. The company has a 50-day simple moving average of C$4.80 and a 200-day simple moving average of C$4.71. Airtel Africa has a one year low of C$2.25 and a one year high of C$5.85.

Analyst Upgrades and Downgrades

AAFRF has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Airtel Africa in a research report on Tuesday, May 19th. Barclays restated an “overweight” rating on shares of Airtel Africa in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Airtel Africa presently has an average rating of “Moderate Buy”.

Airtel Africa Company Profile

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers. The company also provides messaging, value added, enterprise, and infrastructure sharing services, as well as support services.