MultiChoice Group Limited (OTCMKTS:MCHOY) Sees Significant Decline in Short Interest

MultiChoice Group Limited (OTCMKTS:MCHOY) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 900 shares, a drop of 25.0% from the August 15th total of 1,200 shares. Based on an average trading volume of 800 shares, the short-interest ratio is currently 1.1 days.

MultiChoice Group Stock Performance

MCHOY stock opened at $6.20 on Friday. The stock’s 50 day moving average is $5.94 and its two-hundred day moving average is $5.96. MultiChoice Group has a 52-week low of $3.48 and a 52-week high of $6.62.

MultiChoice Group Company Profile

MultiChoice Group Limited, through its subsidiaries, operates video-entertainment subscriber platforms in South Africa, rest of Africa, Europe, and internationally. It operates through South Africa, Rest of Africa, and Technology segments. The company offers digital satellite television and online services, including subscription and transactional video on demand; and digital terrestrial television services to subscribers.