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

Vodacom Group Limited (OTCMKTS:VDMCY) saw 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 trading volume, of 71,341 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

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

Vodacom Group Trading Up 0.2%

Shares of Vodacom Group stock opened at $9.19 on Tuesday. The company has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $9.11. Vodacom Group has a one year low of $7.44 and a one year high of $10.91.

Vodacom Group Company Profile

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.