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

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 20,100 shares, an increase of 70.3% from the February 28th total of 11,800 shares. Based on an average daily volume of 61,300 shares, the short-interest ratio is currently 0.3 days.

Vodacom Group Price Performance

Shares of OTCMKTS VDMCY opened at $6.60 on Friday. The stock has a fifty day simple moving average of $6.33 and a two-hundred day simple moving average of $6.05. Vodacom Group has a 1-year low of $4.56 and a 1-year high of $6.99.

Vodacom Group Company Profile

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.