Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Drops By 54.5%

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

Vodacom Group Trading Down 2.6 %

Shares of VDMCY stock opened at $5.60 on Thursday. Vodacom Group has a 12 month low of $4.56 and a 12 month high of $6.77. The stock has a 50 day moving average of $6.22 and a two-hundred day moving average of $5.65.

Vodacom Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be given a dividend of $0.1634 per share. This is a positive change from Vodacom Group’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, November 29th. Vodacom Group’s payout ratio is 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.