Vodacom Group Limited (OTCMKTS:VDMCY) Sees Significant Drop in Short Interest

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 300 shares, a decrease of 90.6% from the November 30th total of 3,200 shares. Based on an average trading volume of 89,700 shares, the short-interest ratio is currently 0.0 days.

Vodacom Group Price Performance

OTCMKTS:VDMCY opened at $5.44 on Friday. Vodacom Group has a fifty-two week low of $4.56 and a fifty-two week high of $6.77. The company has a 50 day simple moving average of $5.80 and a two-hundred day simple moving average of $5.79.

Vodacom Group Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 9th. Investors 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 an increase from Vodacom Group’s previous dividend of $0.10. Vodacom Group’s dividend payout ratio (DPR) is currently 42.59%.

Vodacom Group Company Profile

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.