Short Interest in MultiChoice Group Limited (OTCMKTS:MCHOY) Drops By 23.5%

MultiChoice Group Limited (OTCMKTS:MCHOY) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 1,300 shares, a decline of 23.5% from the March 31st total of 1,700 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is presently 0.4 days.

MultiChoice Group Stock Performance

MCHOY stock remained flat at $6.33 during trading on Tuesday. 69 shares of the company traded hands, compared to its average volume of 7,062. MultiChoice Group has a one year low of $3.48 and a one year high of $6.62. The stock has a 50-day simple moving average of $5.90 and a 200 day simple moving average of $4.79.

MultiChoice Group Company Profile

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.