Short Interest in Naspers Limited (OTCMKTS:NPSNY) Declines By 43.1%

Naspers Limited (OTCMKTS:NPSNYGet Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 28,300 shares, a decrease of 43.1% from the March 15th total of 49,700 shares. Based on an average daily trading volume, of 351,700 shares, the days-to-cover ratio is presently 0.1 days.

Shares of Naspers stock opened at $20.78 on Friday. The business has a fifty day simple moving average of $25.00 and a two-hundred day simple moving average of $30.05. Naspers has a 1 year low of $19.02 and a 1 year high of $50.38.

Several equities research analysts have recently commented on the company. Investec downgraded Naspers from a “buy” rating to a “hold” rating in a report on Friday, February 11th. JPMorgan Chase & Co. downgraded Naspers from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 15th. Finally, The Goldman Sachs Group initiated coverage on Naspers in a report on Thursday, January 20th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Naspers Company Profile (Get Rating)

Naspers Limited operates in consumer internet industry worldwide. It operates through Ecommerce, Social and Internet Platforms, and Media segments. The company builds various companies that empower people and enrich communities. It holds investments in classifieds, food delivery, payments and fintech, education, health, and ecommerce, as well as ventures, and social and internet platforms.

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