Vodacom Group Limited (OTCMKTS:VDMCY – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 38,675 shares, a growth 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 presently 0.5 days.
Vodacom Group Trading Up 0.8%
Vodacom Group stock opened at $9.26 on Wednesday. Vodacom Group has a 52 week low of $7.44 and a 52 week high of $10.91. The stock has a 50 day moving average of $9.18 and a 200-day moving average of $9.12.
Wall Street Analysts Forecast Growth
Separately, UBS Group assumed coverage on Vodacom Group in a research note on Monday, March 23rd. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
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.
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