Airtel Africa Plc (OTC:AAFRF) Short Interest Up 606.1% in September

Airtel Africa Plc (OTC:AAFRF) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 81,200 shares, a growth of 606.1% from the August 31st total of 11,500 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 28.0 days. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 28.0 days.

Airtel Africa Stock Up 2.9%

Shares of AAFRF stock opened at C$3.24 on Friday. The business has a 50-day moving average price of C$2.99 and a two-hundred day moving average price of C$2.63. Airtel Africa has a 12-month low of C$1.16 and a 12-month high of C$3.51.

Analyst Ratings Changes

Several research firms recently issued reports on AAFRF. Barclays reissued an “overweight” rating on shares of Airtel Africa in a research note on Friday, August 29th. HSBC raised Airtel Africa from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Airtel Africa has an average rating of “Buy”.

Airtel Africa Company Profile

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers.