Megaport Limited (OTCMKTS:MGPPF) Short Interest Down 13.4% in February

Megaport Limited (OTCMKTS:MGPPFGet 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.

About Megaport

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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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