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

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

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on MTN Group in a research note on Monday, March 23rd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MTN Group currently has an average rating of “Hold”.

MTN Group Trading Up 2.0%

MTN Group stock 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. MTN Group has a one year low of $7.65 and a one year high of $14.67. The company has a 50-day simple moving average of $13.03 and a 200-day simple moving average of $11.86.

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.