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

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

Vodacom Group Stock Down 0.9%

Shares of VDMCY stock opened at $7.88 on Friday. The stock’s 50-day moving average is $7.91 and its two-hundred day moving average is $7.53. Vodacom Group has a 1 year low of $5.10 and a 1 year high of $8.50.

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.