MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 40,200 shares, anincreaseof570.0% from the July 31st total of 6,000 shares. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is currently 1.4 days.
Analyst Ratings Changes
A number of research firms have recently weighed in on MTNOY. Citigroup raised shares of MTN Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Barclays reissued an "underweight" rating on shares of MTN Group in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".
View Our Latest Analysis on MTNOY
MTN Group Stock Performance
Shares of MTN Group stock traded down $0.35 during trading hours on Tuesday, hitting $8.12. The company's stock had a trading volume of 97,329 shares, compared to its average volume of 16,760. MTN Group has a 1-year low of $4.34 and a 1-year high of $9.92. The business has a fifty day moving average of $8.44 and a 200 day moving average of $7.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.95.
About MTN Group
(
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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.
Further Reading
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