Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Grows By 105.0%

Vodacom Group Limited (OTCMKTS:VDMCY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 38,675 shares, an increase of 105.0% from the May 31st total of 18,863 shares. Based on an average daily volume of 71,341 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on shares of Vodacom Group in a research report on Monday, March 23rd. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Vodacom Group Stock Performance

Shares of VDMCY opened at $9.08 on Thursday. Vodacom Group has a 1 year low of $7.44 and a 1 year high of $10.91. The stock’s 50-day moving average price is $9.18 and its two-hundred day moving average price is $9.13.

About Vodacom Group

Vodacom Group Limited is a leading African mobile communications company offering a comprehensive range of voice, messaging, data and financial services. The company serves both consumer and enterprise markets, delivering mobile voice and data networks alongside digital solutions such as cloud computing, Internet of Things (IoT) connectivity and mobile financial services. Vodacom’s product portfolio includes prepaid and contract mobile plans, broadband internet services and a suite of digital applications designed to support e-commerce, health and educational initiatives across its markets.

Headquartered in Johannesburg, South Africa, Vodacom operates across multiple countries in sub-Saharan Africa, including South Africa, Tanzania, the Democratic Republic of the Congo, Mozambique and Kenya, with additional presence through partner networks in Lesotho and other regions.