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

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

Vodacom Group Stock Performance

Shares of Vodacom Group stock opened at $5.56 on Wednesday. The stock’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $5.82. Vodacom Group has a 52 week low of $4.56 and a 52 week high of $6.77.

Vodacom Group Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid a $0.1634 dividend. This is an increase from Vodacom Group’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, November 29th. Vodacom Group’s dividend payout ratio is presently 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.