Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Increases By 6,500.0%

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

Vodacom Group Trading Up 1.7 %

Shares of VDMCY stock opened at $6.03 on Wednesday. Vodacom Group has a 1-year low of $4.56 and a 1-year high of $6.77. The firm’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $5.85.

Vodacom Group Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were issued a $0.1634 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Vodacom Group’s previous dividend of $0.10. Vodacom Group’s dividend payout ratio (DPR) 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.