Vodacom Group Limited (OTCMKTS:VDMCY) Sees Significant Increase in Short Interest

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 33,100 shares, a growth of 313.8% from the April 30th total of 8,000 shares. Based on an average daily volume of 28,000 shares, the days-to-cover ratio is currently 1.2 days.

Vodacom Group Stock Performance

Shares of VDMCY opened at $7.73 on Friday. The business’s fifty day moving average price is $7.05 and its 200 day moving average price is $6.32. Vodacom Group has a 12-month low of $4.74 and a 12-month high of $8.09.

Vodacom Group Company Profile

Vodacom Group Limited operates as a connectivity, digital, and financial services company in South Africa and internationally. It offers range of communication services, including data, mobile and fixed voice, messaging, financial services, enterprise IT, and converged services. The company also provides mobile and fixed line connectivity solutions, as well as internet and virtual private network services to its customers over various wireless, fixed-line, satellite, mobile, and converged technologies; and cloud hosting and security services comprising infrastructure as a service, platform as a service, software as a service, security services, hosted applications, and primary and direct connectivity to all hyperscalers.