Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Increases By 70.3%

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 daily trading volume, of 61,300 shares, the days-to-cover ratio is presently 0.3 days.

Vodacom Group Stock Performance

OTCMKTS:VDMCY opened at $6.60 on Friday. The stock’s 50 day moving average price is $6.33 and its 200 day moving average price is $6.05. Vodacom Group has a 52 week low of $4.56 and a 52 week high of $6.99.

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.