Airtel Africa Plc (OTCMKTS:AAFRF) Short Interest Update

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

Airtel Africa Price Performance

Shares of OTCMKTS:AAFRF opened at C$5.05 on Monday. The company’s fifty day moving average is C$4.80 and its two-hundred day moving average is C$4.71. Airtel Africa has a 1-year low of C$2.25 and a 1-year high of C$5.85.

Analyst Upgrades and Downgrades

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

About Airtel Africa

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.