MTN Group Ltd. (OTCMKTS:MTNOY) Short Interest Update

Key Points

• MTN Group Ltd. experienced a significant decrease in short interest by 39.8% in September, falling to 14,200 shares.
• The stock's current trading price is $9.50, with a 12-month range between $4.34 and $9.92.
• Analyst ratings for MTN Group vary, with Barclays maintaining an "underweight" rating and Citigroup upgrading it to a "strong-buy", resulting in an overall average rating of "Moderate Buy."

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 14,200 shares, a decrease of 39.8% from the September 15th total of 23,600 shares. Based on an average daily volume of 15,400 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 15,400 shares, the short-interest ratio is presently 0.9 days.

MTN Group Stock Performance

OTCMKTS:MTNOY opened at $9.50 on Tuesday. MTN Group has a 12-month low of $4.34 and a 12-month high of $9.92. The stock's 50 day moving average price is $8.57 and its two-hundred day moving average price is $7.66.

Analyst Ratings Changes

Several research firms have recently weighed in on MTNOY. Barclays reaffirmed an "underweight" rating on shares of MTN Group in a research report on Friday, August 29th. Citigroup raised MTN Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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.

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