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

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a significant 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. Based on an average daily trading volume, of 47,404 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Vodacom Group Stock Performance

VDMCY opened at $9.23 on Thursday. The business has a 50-day moving average of $9.37 and a two-hundred day moving average of $9.32. Vodacom Group has a 12 month low of $7.44 and a 12 month high of $10.91.

Vodacom Group Company Profile

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.