MultiChoice Group Limited (OTCMKTS:MCHOY) Short Interest Down 25.0% in August

MultiChoice Group Limited (OTCMKTS:MCHOY) was the target of a significant drop in short interest in the month of 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 days-to-cover ratio is presently 1.1 days.

MultiChoice Group Stock Performance

Shares of MultiChoice Group stock opened at $6.20 on Monday. MultiChoice Group has a 12 month low of $3.48 and a 12 month high of $6.62. The stock’s fifty day moving average price is $5.94 and its 200-day moving average price is $5.96.

About MultiChoice Group

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.