Naspers Limited (OTCMKTS:NPSNY) Sees Large Drop in Short Interest

Naspers Limited (OTCMKTS:NPSNY) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 8,200 shares, a drop of 75.5% from the February 28th total of 33,500 shares. Based on an average trading volume of 106,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Naspers Price Performance

Shares of Naspers stock traded down $1.64 during trading on Friday, reaching $50.01. 16,900 shares of the company traded hands, compared to its average volume of 60,995. Naspers has a 1-year low of $33.33 and a 1-year high of $54.36. The company has a quick ratio of 4.00, a current ratio of 4.07 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $47.65 and a 200-day moving average price of $46.22.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Naspers to a “strong-buy” rating in a report on Tuesday.

About Naspers

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.