Megaport Limited (OTCMKTS:MGPPF – Get Rating) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 756,000 shares, a drop of 13.4% from the February 13th total of 873,400 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.
Megaport Price Performance
Shares of OTCMKTS MGPPF opened at $5.88 on Friday. The business has a 50-day moving average of $5.88 and a two-hundred day moving average of $5.88. Megaport has a 1 year low of $3.66 and a 1 year high of $15.39.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Royal Bank of Canada lowered Megaport from an “outperform” rating to a “sector perform” rating in a report on Wednesday. Citigroup downgraded Megaport from a “buy” rating to a “neutral” rating in a report on Tuesday, February 21st.
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.
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