Naspers Ltd. (OTCMKTS:NPSNY) Short Interest Up 554.9% in August

Key Points

• Naspers Ltd. experienced a dramatic increase in short interest by 554.9% in August, rising from 7,100 to 46,500 shares.
• The company's stock price rose 2.0%, reaching $67.64, amid a trading volume of 20,249 shares.
• Naspers operates in various consumer internet sectors, including classifies, food delivery, payments, and fintech, across multiple regions worldwide.

Naspers Ltd. (OTCMKTS:NPSNY - Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 46,500 shares, an increase of 554.9% from the August 15th total of 7,100 shares. Based on an average daily trading volume, of 38,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 38,000 shares, the short-interest ratio is currently 1.2 days.

Naspers Price Performance

OTCMKTS NPSNY traded down $0.11 on Tuesday, reaching $68.06. The company had a trading volume of 33,204 shares, compared to its average volume of 18,750. Naspers has a 12 month low of $37.06 and a 12 month high of $68.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.43 and a current ratio of 3.48. The firm's 50 day moving average price is $64.39 and its 200 day moving average price is $57.92.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Naspers from a "hold" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of "Strong 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.