Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Rises By 388.6%

Vodacom Group Limited (OTCMKTS:VDMCY) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 65,559 shares, a growth of 388.6% from the July 15th total of 13,419 shares. Based on an average daily volume of 68,511 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are sold short.

Vodacom Group Trading Up 0.3%

VDMCY opened at $9.57 on Thursday. The firm’s fifty day moving average price is $9.37 and its two-hundred day moving average price is $9.35. Vodacom Group has a fifty-two week low of $7.44 and a fifty-two week high of $10.91.

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.