MTN Group Limited (OTCMKTS:MTNOY) Sees Significant Decrease in Short Interest

MTN Group Limited (OTCMKTS:MTNOY) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 200 shares, a decrease of 99.4% from the May 31st total of 32,000 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is presently 0.0 days.

MTN Group Stock Performance

Shares of OTCMKTS:MTNOY traded down $0.03 during trading on Thursday, reaching $4.48. 15,134 shares of the company traded hands, compared to its average volume of 40,829. MTN Group has a 52-week low of $4.12 and a 52-week high of $8.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 0.88. The business’s fifty day moving average is $4.66 and its 200-day moving average is $5.04.

MTN Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 2nd. Stockholders of record on Friday, April 19th were paid a dividend of $0.1227 per share. The ex-dividend date of this dividend was Thursday, April 18th.

MTN Group Company Profile

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, digital and fintech, interconnect, and roaming services, as well as sells mobile devices.