Naspers Ltd. (OTCMKTS:NPSNY) Sees Significant Decrease in Short Interest

Key Points

• Naspers Ltd. experienced a significant 47.1% decrease in short interest in September, dropping from 46,500 shares to 24,600 shares.
• On September 29th, Zacks Research upgraded Naspers from a "strong sell" to a "hold" rating, while Wall Street Zen upgraded it from "hold" to a "buy" rating.
• Naspers shares opened at $75.34, with the stock currently holding an average rating of "Buy" from analysts.

Naspers Ltd. (OTCMKTS:NPSNY - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 24,600 shares, a decrease of 47.1% from the August 31st total of 46,500 shares. Based on an average daily volume of 34,200 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 34,200 shares, the short-interest ratio is currently 0.7 days.

Naspers Trading Up 1.5%

Shares of NPSNY stock opened at $75.34 on Friday. The company has a current ratio of 3.48, a quick ratio of 3.43 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $66.64 and a two-hundred day moving average price of $59.73. Naspers has a one year low of $37.06 and a one year high of $75.76.

Analyst Ratings Changes

Several research analysts have recently weighed in on NPSNY shares. Zacks Research upgraded shares of Naspers from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen upgraded shares of Naspers from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

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.

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