Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Declines By 12.1%

MTN Group Limited (OTCMKTS:MTNOY – Get Rating) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 37,200 shares, a drop of 12.1% from the February 13th total of 42,300 shares. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is currently 3.8 days.

MTN Group Price Performance

Shares of MTNOY opened at $7.71 on Monday. MTN Group has a 12 month low of $6.11 and a 12 month high of $13.69. The stock’s 50 day moving average is $7.96 and its two-hundred day moving average is $7.57.

MTN Group Company Profile

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MTN Group Ltd. engages in the provision of network information technology services. The firm offers broadband and Internet products and services and converged fixed or mobile products and services. It serves local, national and international telecommunications industries. It operates under the following geographical segments: South Africa, Nigeria, South and East Africa, West and Central Africa, and Middle East and Northern Africa.