Megaport Limited (OTCMKTS:MGPPF) Sees Significant Decrease in Short Interest

Megaport Limited (OTCMKTS:MGPPF) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 407,200 shares, a drop of 17.8% from the August 31st total of 495,200 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 1,018.0 days.

Megaport Stock Performance

MGPPF stock remained flat at $5.00 during midday trading on Monday. The business’s fifty day moving average price is $6.17 and its 200 day moving average price is $8.21. Megaport has a one year low of $5.00 and a one year high of $10.55.

About Megaport

Megaport Limited provides elastic interconnection services to the enterprises and service providers in Australia, New Zealand, Hong Kong, Singapore, Japan, North America, and Europe. It operates a platform that enables customers to connect their network to other services, as well as creates agile network that connects in multiple regions.