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

Vodacom Group Limited (OTCMKTS:VDMCY) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 500 shares, a decline of 54.5% from the October 15th total of 1,100 shares. Based on an average daily trading volume, of 28,300 shares, the days-to-cover ratio is presently 0.0 days.

Vodacom Group Stock Performance

Shares of Vodacom Group stock opened at $5.53 on Friday. The company has a fifty day simple moving average of $6.21 and a 200-day simple moving average of $5.65. Vodacom Group has a 12-month low of $4.56 and a 12-month high of $6.77.

Vodacom Group Increases Dividend

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