MTN Group Limited (OTCMKTS:MTNOY) Short Interest Update

MTN Group Limited (OTCMKTS:MTNOY) was the target of a large decrease in short interest during 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. Based on an average daily volume of 19,800 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

MTN Group Price Performance

Shares of MTNOY stock traded down $0.20 during trading hours on Tuesday, reaching $6.57. The company’s stock had a trading volume of 601,022 shares, compared to its average volume of 43,146. The firm’s fifty day simple moving average is $6.31 and its 200 day simple moving average is $5.39. MTN Group has a one year low of $3.92 and a one year high of $6.96.

MTN Group Increases Dividend

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

About MTN Group

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.