Short Interest in MTN Group Limited (OTCMKTS:MTNOY) Drops By 27.7%

MTN Group Limited (OTCMKTS:MTNOY) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 12,800 shares, a decrease of 27.7% from the February 28th total of 17,700 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 19,800 shares, the days-to-cover ratio is presently 0.6 days.

MTN Group Stock Down 0.9 %

Shares of MTN Group stock traded down $0.06 during trading on Friday, hitting $6.71. The company’s stock had a trading volume of 2,776 shares, compared to its average volume of 34,267. MTN Group has a 52 week low of $3.92 and a 52 week high of $6.96. The company has a fifty day simple moving average of $6.28 and a two-hundred day simple moving average of $5.38.

MTN Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.1907 per share. This is an increase from MTN Group’s previous dividend of $0.12. The ex-dividend date is Friday, April 11th.

MTN Group Company Profile

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.