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

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,900 shares, a growth of 480.0% from the October 31st total of 500 shares. Based on an average daily trading volume, of 34,200 shares, the days-to-cover ratio is presently 0.1 days.

Vodacom Group Stock Up 2.5 %

VDMCY traded up $0.14 during midday trading on Thursday, hitting $5.80. 18,854 shares of the company were exchanged, compared to its average volume of 37,103. Vodacom Group has a 1-year low of $4.56 and a 1-year high of $6.77. The firm’s 50 day moving average price is $6.06 and its 200-day moving average price is $5.70.

Vodacom Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be given a $0.1634 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from Vodacom Group’s previous dividend of $0.10. Vodacom Group’s dividend payout ratio (DPR) is 42.59%.

About Vodacom Group

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.