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

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 2,900 shares, an increase of 480.0% from the October 31st total of 500 shares. Based on an average daily trading volume, of 34,200 shares, the short-interest ratio is presently 0.1 days.

Vodacom Group Stock Performance

OTCMKTS VDMCY opened at $5.80 on Friday. The stock’s 50 day simple moving average is $6.06 and its 200 day simple moving average is $5.70. Vodacom Group has a one year low of $4.56 and a one year high of $6.77.

Vodacom Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given a dividend of $0.1634 per share. This is an increase from Vodacom Group’s previous dividend of $0.10. The ex-dividend date is Friday, November 29th. Vodacom Group’s dividend payout ratio is 42.59%.

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.