Vodacom Group Limited (OTCMKTS:VDMCY) Short Interest Down 55.3% in June

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 17,304 shares, a decline of 55.3% from the June 15th total of 38,675 shares. Based on an average trading volume of 67,828 shares, the short-interest ratio is currently 0.3 days.

Vodacom Group Stock Performance

OTCMKTS:VDMCY opened at $9.46 on Tuesday. The firm has a fifty day simple moving average of $9.27 and a two-hundred day simple moving average of $9.20. Vodacom Group has a 12 month low of $7.44 and a 12 month high of $10.91.

Wall Street Analyst Weigh In

Separately, UBS Group started coverage on shares of Vodacom Group in a research note on Monday, March 23rd. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Vodacom Group currently has a consensus rating of “Hold”.

Vodacom Group Company Profile

Vodacom Group Limited is a leading African mobile communications company offering a comprehensive range of voice, messaging, data and financial services. The company serves both consumer and enterprise markets, delivering mobile voice and data networks alongside digital solutions such as cloud computing, Internet of Things (IoT) connectivity and mobile financial services. Vodacom’s product portfolio includes prepaid and contract mobile plans, broadband internet services and a suite of digital applications designed to support e-commerce, health and educational initiatives across its markets.

Headquartered in Johannesburg, South Africa, Vodacom operates across multiple countries in sub-Saharan Africa, including South Africa, Tanzania, the Democratic Republic of the Congo, Mozambique and Kenya, with additional presence through partner networks in Lesotho and other regions.