Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Declines By 85.1%

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 9,786 shares, a decrease of 85.1% from the July 30th total of 65,559 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 47,404 shares, the days-to-cover ratio is currently 0.2 days.

Vodacom Group Stock Performance

OTCMKTS:VDMCY opened at $9.21 on Wednesday. Vodacom Group has a 52-week low of $7.44 and a 52-week high of $10.91. The stock’s 50 day moving average price is $9.37 and its 200 day moving average price is $9.33.

About Vodacom Group

Vodacom Group Limited is a leading African mobile communications company offering a comprehensive range of voice, messaging, data and financial services. The company serves both consumer and enterprise markets, delivering mobile voice and data networks alongside digital solutions such as cloud computing, Internet of Things (IoT) connectivity and mobile financial services. Vodacom’s product portfolio includes prepaid and contract mobile plans, broadband internet services and a suite of digital applications designed to support e-commerce, health and educational initiatives across its markets.

Headquartered in Johannesburg, South Africa, Vodacom operates across multiple countries in sub-Saharan Africa, including South Africa, Tanzania, the Democratic Republic of the Congo, Mozambique and Kenya, with additional presence through partner networks in Lesotho and other regions.