MTN Group Limited (OTCMKTS:MTNOY) Short Interest Update

MTN Group Limited (OTCMKTS:MTNOY - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 19,200 shares, a growth of 225.4% from the March 15th total of 5,900 shares. Based on an average daily trading volume, of 95,600 shares, the days-to-cover ratio is presently 0.2 days.

MTN Group Price Performance

Shares of OTCMKTS:MTNOY traded up $0.05 during midday trading on Thursday, hitting $4.97. The stock had a trading volume of 28,559 shares, compared to its average volume of 43,521. The company's 50-day moving average price is $4.78 and its 200-day moving average price is $5.34. MTN Group has a fifty-two week low of $4.32 and a fifty-two week high of $8.05.

MTN Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Friday, April 19th will be given a $0.1227 dividend. The ex-dividend date is Thursday, April 18th.

About MTN Group

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.