Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Expands By 250.0%

MTN Group Limited (OTCMKTS:MTNOY - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 700 shares, a growth of 250.0% from the April 30th total of 200 shares. Based on an average trading volume of 8,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

MTN Group Stock Down 3.3%

Shares of OTCMKTS MTNOY traded down $0.24 during midday trading on Monday, hitting $6.96. The company had a trading volume of 4,831 shares, compared to its average volume of 32,782. MTN Group has a twelve month low of $3.92 and a twelve month high of $7.30. The business has a 50-day simple moving average of $6.30 and a two-hundred day simple moving average of $5.77.

MTN Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 24th. Stockholders of record on Friday, April 11th were paid a dividend of $0.1907 per share. This is a positive change from MTN Group's previous dividend of $0.12. The ex-dividend date of this dividend 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.