MTN Group Ltd. (OTCMKTS:MTNOY) Short Interest Down 81.7% in June

MTN Group Ltd. (OTCMKTS:MTNOY) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,380 shares, a drop of 81.7% from the May 31st total of 34,802 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,315 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, UBS Group initiated coverage on MTN Group in a research report on Monday, March 23rd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MTN Group has a consensus rating of “Hold”.

MTN Group Price Performance

Shares of OTCMKTS MTNOY opened at $13.91 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.94. The stock’s fifty day simple moving average is $13.03 and its 200 day simple moving average is $11.86. MTN Group has a 52-week low of $7.65 and a 52-week high of $14.67.

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.