MTN Group Limited (OTCMKTS:MTNOY) Sees Large Increase in Short Interest

MTN Group Limited (OTCMKTS:MTNOY - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 3,800 shares, an increase of 442.9% from the May 15th total of 700 shares. Based on an average daily volume of 17,600 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

MTN Group Stock Down 2.1%

Shares of MTNOY traded down $0.16 during mid-day trading on Friday, hitting $7.45. 10,002 shares of the company's stock were exchanged, compared to its average volume of 31,554. The stock's 50-day simple moving average is $6.54 and its 200-day simple moving average is $5.96. MTN Group has a 52 week low of $3.92 and a 52 week high of $7.72.

MTN Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 24th. Stockholders of record on Friday, April 11th were given a dividend of $0.1907 per share. This is an increase from MTN Group's previous dividend of $0.12. The ex-dividend date was Friday, April 11th.

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.