Naspers Ltd. (OTCMKTS:NPSNY) Sees Significant Increase in Short Interest

Naspers Ltd. (OTCMKTS:NPSNY) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 473,376 shares, a growth of 33.1% from the January 29th total of 355,716 shares. Based on an average daily volume of 474,370 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 474,370 shares, the short-interest ratio is presently 1.0 days.

Naspers Price Performance

NPSNY opened at $10.39 on Wednesday. Naspers has a twelve month low of $8.34 and a twelve month high of $15.15. The firm’s 50-day moving average price is $12.50 and its 200 day moving average price is $27.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.66 and a current ratio of 3.72.

Analysts Set New Price Targets

Several research analysts recently issued reports on NPSNY shares. Barclays reissued an “overweight” rating on shares of Naspers in a research note on Monday, December 8th. Zacks Research upgraded shares of Naspers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen cut shares of Naspers from a “buy” rating to a “hold” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Naspers Company Profile

Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.

A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.