Short Interest in Megaport Limited (OTCMKTS:MGPPF) Grows By 20.1%

Megaport Limited (OTCMKTS:MGPPF) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 286,700 shares, an increase of 20.1% from the June 30th total of 238,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2,867.0 days.

Megaport Stock Performance

Shares of Megaport stock remained flat at $5.91 during trading hours on Friday. The company has a 50-day moving average price of $8.27 and a two-hundred day moving average price of $8.49. Megaport has a fifty-two week low of $5.90 and a fifty-two week high of $10.55.

Megaport Company Profile

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.