Airtel Africa Plc (OTCMKTS:AAFRF) Short Interest Update

Airtel Africa Plc (OTCMKTS:AAFRF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 350,915 shares, a growth of 73.9% from the June 30th total of 201,786 shares. Based on an average daily volume of 2,970 shares, the days-to-cover ratio is currently 118.2 days.

Analyst Upgrades and Downgrades

AAFRF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued 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 note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Airtel Africa Stock Performance

OTCMKTS AAFRF opened at C$4.59 on Friday. The business has a fifty day moving average price of C$4.68 and a two-hundred day moving average price of C$4.76. Airtel Africa has a fifty-two week low of C$2.57 and a fifty-two week high of C$5.85.

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.