Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Drops By 76.8%

Vodacom Group Limited (OTCMKTS:VDMCY) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 61,700 shares, a decrease of 76.8% from the January 15th total of 266,100 shares. Based on an average trading volume of 175,700 shares, the short-interest ratio is currently 0.4 days.

Vodacom Group Stock Performance

Vodacom Group stock traded up $0.04 during mid-day trading on Wednesday, reaching $6.55. 17,117 shares of the company’s stock were exchanged, compared to its average volume of 81,658. The business’s fifty day simple moving average is $5.75 and its 200 day simple moving average is $5.93. Vodacom Group has a one year low of $4.56 and a one year high of $6.77.

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.