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

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 2,700 shares, a decrease of 46.0% from the August 15th total of 5,000 shares. Based on an average daily trading volume, of 46,400 shares, the days-to-cover ratio is presently 0.1 days.

Vodacom Group Trading Up 2.2 %

OTCMKTS VDMCY opened at $6.39 on Friday. Vodacom Group has a 1 year low of $4.56 and a 1 year high of $6.67. The firm’s 50 day simple moving average is $5.74 and its 200 day simple moving average is $5.28.

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.