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

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a large increase in short interest in 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 trading volume of 61,300 shares, the short-interest ratio is currently 0.3 days.

Vodacom Group Price Performance

VDMCY opened at $6.60 on Friday. Vodacom Group has a fifty-two week low of $4.56 and a fifty-two week high of $6.99. The company’s 50-day moving average is $6.33 and its 200 day moving average is $6.05.

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.