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

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 16,000 shares, an increase of 492.6% from the August 31st total of 2,700 shares. Based on an average daily trading volume, of 36,400 shares, the short-interest ratio is currently 0.4 days.

Vodacom Group Stock Performance

Shares of VDMCY opened at $6.64 on Friday. The stock’s 50-day moving average price is $5.94 and its 200 day moving average price is $5.37. Vodacom Group has a 12-month low of $4.56 and a 12-month high of $6.77.

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.