Vodacom Group Limited (OTCMKTS:VDMCY) Sees Large Increase in Short Interest

Vodacom Group Limited (OTCMKTS:VDMCY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 12,700 shares, an increase of 1,311.1% from the July 15th total of 900 shares. Based on an average trading volume of 65,100 shares, the short-interest ratio is currently 0.2 days.

Vodacom Group Price Performance

OTCMKTS:VDMCY traded up $0.11 during mid-day trading on Tuesday, reaching $5.62. The company’s stock had a trading volume of 13,409 shares, compared to its average volume of 45,883. The firm’s fifty day moving average price is $5.25 and its two-hundred day moving average price is $5.08. Vodacom Group has a 12-month low of $4.56 and a 12-month high of $6.28.

Vodacom Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 21st were paid a dividend of $0.104 per share. The ex-dividend date was Friday, June 21st. Vodacom Group’s dividend payout ratio is presently 42.59%.

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.