Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Declines By 55.3%

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 17,304 shares, a decline of 55.3% from the June 15th total of 38,675 shares. Based on an average daily volume of 67,828 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

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

Vodacom Group Stock Performance

Shares of VDMCY stock opened at $9.52 on Wednesday. The firm has a market cap of $18.39 billion and a P/E ratio of 1.03. Vodacom Group has a fifty-two week low of $7.44 and a fifty-two week high of $10.91. The business’s 50 day moving average price is $9.28 and its 200-day moving average price is $9.21.

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.