MTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 10,450 shares, a growth of 2,161.9% from the August 15th total of 462 shares. Based on an average daily volume of 29,266 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.
MTN Group Trading Up 1.1%
Shares of MTNOY stock opened at $12.66 on Friday. The stock’s fifty day moving average price is $12.87 and its two-hundred day moving average price is $12.72. MTN Group has a fifty-two week low of $7.75 and a fifty-two week high of $14.67. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.31.
About MTN Group
MTN Group Limited is a South African multinational telecommunications company headquartered in Johannesburg. Founded in 1994, the company has grown into a major provider of mobile communications and digital services across Africa and the Middle East.
MTN’s core activities include mobile voice and data services, broadband connectivity, digital content, and enterprise telecommunications solutions. Through its fintech operations, including the MoMo platform, the company also provides mobile money, payments, remittance, and related financial services in supported markets.
The group serves consumers, businesses, and public-sector organizations through operations in multiple countries, with a geographic focus on African markets and selected markets in the Middle East.
See Also
- Five stocks we like better than MTN Group
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
Receive News & Ratings for MTN Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTN Group and related companies with MarketBeat.com's FREE daily email newsletter.
