MTN Group Ltd. (OTCMKTS:MTNOY) Short Interest Up 129.9% in June

MTN Group Ltd. (OTCMKTS:MTNOY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 14,665 shares, a growth of 129.9% from the June 15th total of 6,380 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 22,692 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, UBS Group started coverage on shares of MTN Group in a report on Monday, March 23rd. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

MTN Group Stock Performance

OTCMKTS:MTNOY traded up $0.21 on Thursday, reaching $14.18. 3,432 shares of the company’s stock traded hands, compared to its average volume of 14,468. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a 50-day simple moving average of $13.42 and a 200-day simple moving average of $12.29. MTN Group has a 12 month low of $7.75 and a 12 month high of $14.67.

About MTN Group

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.