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

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 19,800 shares, a growth of 6,500.0% from the December 31st total of 300 shares. Based on an average daily trading volume, of 124,100 shares, the days-to-cover ratio is presently 0.2 days.

Vodacom Group Stock Down 1.7 %

VDMCY opened at $5.93 on Thursday. Vodacom Group has a 1 year low of $4.56 and a 1 year high of $6.77. The firm’s fifty day moving average price is $5.62 and its two-hundred day moving average price is $5.85.

Vodacom Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a dividend of $0.1634 per share. The ex-dividend date was Friday, November 29th. This is a boost from Vodacom Group’s previous dividend of $0.10. Vodacom Group’s payout ratio is 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.