Naspers Limited (OTCMKTS:NPSNY) Sees Large Decline in Short Interest

Naspers Limited (OTCMKTS:NPSNY - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 8,200 shares, a drop of 75.5% from the February 28th total of 33,500 shares. Based on an average daily trading volume, of 106,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Naspers Price Performance

NPSNY stock traded down $1.64 during midday trading on Monday, hitting $50.01. The stock had a trading volume of 16,900 shares, compared to its average volume of 60,995. Naspers has a 52 week low of $33.33 and a 52 week high of $54.36. The company has a quick ratio of 4.00, a current ratio of 4.07 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $47.86 and a 200 day simple moving average of $46.38.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Naspers to a "strong-buy" rating in a report on Tuesday, March 25th.

Naspers Company Profile

Naspers Limited operates in the consumer internet industry in Africa, Asia, Europe, Latin America, North America. The company operates through Classifieds, Food Delivery, Payments and Fintech, Etail, Edtech, Social and Internet Platforms, Media24, and Other Ecommerce segments. It holds investments in classifieds, food delivery, payments and fintech, education, health, and ecommerce, as well as ventures, and social and internet platforms.