Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Drops By 64.5%

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 15,700 shares, a decline of 64.5% from the August 31st total of 44,200 shares. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is presently 0.7 days.

Vodacom Group Stock Performance

Shares of VDMCY opened at $7.95 on Friday. Vodacom Group has a 1 year low of $5.10 and a 1 year high of $8.50. The stock’s 50-day moving average price is $7.91 and its two-hundred day moving average price is $7.52.

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.