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

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

Vodacom Group Stock Performance

Shares of OTCMKTS:VDMCY opened at $5.31 on Tuesday. The company’s fifty day moving average is $5.63 and its 200-day moving average is $5.81. Vodacom Group has a 52 week low of $4.56 and a 52 week high of $6.77.

Vodacom Group Increases Dividend

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