MultiChoice Group Limited (OTCMKTS:MCHOY) Sees Large Decline in Short Interest

MultiChoice Group Limited (OTCMKTS:MCHOY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 900 shares, a decrease 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

OTCMKTS:MCHOY remained flat at $6.20 during mid-day trading on Friday. The company had a trading volume of 73 shares, compared to its average volume of 10,408. The company has a fifty day moving average of $5.94 and a 200 day moving average of $5.96. MultiChoice Group has a 12-month low of $3.48 and a 12-month high of $6.62.

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.