Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Declines By 42.2%

MTN Group Limited (OTCMKTS:MTNOY - Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,400 shares, a decline of 42.2% from the March 15th total of 12,800 shares. Based on an average trading volume of 176,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

MTN Group Trading Up 3.4 %

Shares of MTN Group stock traded up $0.20 during trading hours on Tuesday, reaching $5.95. 185,242 shares of the company's stock were exchanged, compared to its average volume of 41,202. MTN Group has a 52-week low of $3.92 and a 52-week high of $6.96. The company has a fifty day moving average of $6.15 and a 200-day moving average of $5.44.

MTN Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 11th will be paid a $0.1907 dividend. This is a positive change from MTN Group's previous dividend of $0.12. The ex-dividend date is 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.