MTN Group Limited (OTCMKTS:MTNOY - Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 161,400 shares, an increase of 1,151.2% from the December 15th total of 12,900 shares. Based on an average daily volume of 48,200 shares, the days-to-cover ratio is presently 3.3 days.
MTN Group Trading Down 1.7 %
OTCMKTS:MTNOY traded down $0.08 during midday trading on Monday, reaching $4.70. The company had a trading volume of 127,037 shares, compared to its average volume of 60,205. The stock's fifty day simple moving average is $4.66 and its 200-day simple moving average is $4.79. MTN Group has a 12-month low of $3.92 and a 12-month high of $5.93.
About MTN Group
(
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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.
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