Naspers Ltd. (OTCMKTS:NPSNY) Short Interest Up 33.2% in March

Naspers Ltd. (OTCMKTS:NPSNY) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 518,306 shares, an increase of 33.2% from the February 26th total of 389,180 shares. Based on an average daily volume of 495,564 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the shares of the company are short sold.

Naspers Price Performance

Shares of OTCMKTS NPSNY opened at $9.96 on Tuesday. Naspers has a 1 year low of $8.34 and a 1 year high of $15.15. The firm has a fifty day moving average price of $11.47 and a 200-day moving average price of $20.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NPSNY. Wall Street Zen cut Naspers from a “buy” rating to a “hold” rating in a report on Monday, February 23rd. Barclays reiterated an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. Finally, Zacks Research downgraded Naspers from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.