VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEONGet Rating) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,730,000 shares, a drop of 57.1% from the March 15th total of 8,690,000 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 32,790,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its stake in VEON by 8.6% during the 1st quarter. FMR LLC now owns 219,193 shares of the Wireless communications provider’s stock worth $458,000 after purchasing an additional 17,387 shares in the last quarter. OLD Mission Capital LLC raised its position in shares of VEON by 773.1% in the third quarter. OLD Mission Capital LLC now owns 333,358 shares of the Wireless communications provider’s stock valued at $420,000 after purchasing an additional 295,179 shares during the period. Morgan Stanley raised its holdings in VEON by 6.1% in the 2nd quarter. Morgan Stanley now owns 50,621,996 shares of the Wireless communications provider’s stock valued at $92,639,000 after acquiring an additional 2,894,836 shares during the period. SG Americas Securities LLC boosted its holdings in shares of VEON by 86.0% during the third quarter. SG Americas Securities LLC now owns 3,956,571 shares of the Wireless communications provider’s stock worth $8,230,000 after acquiring an additional 1,829,524 shares during the period. Finally, Deutsche Bank AG grew its position in shares of VEON by 3.3% in the third quarter. Deutsche Bank AG now owns 3,858,000 shares of the Wireless communications provider’s stock valued at $8,025,000 after purchasing an additional 123,900 shares during the last quarter. Hedge funds and other institutional investors own 23.74% of the company’s stock.

Shares of NASDAQ:VEON opened at $0.58 on Friday. The business’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $1.47. The company has a debt-to-equity ratio of 6.75, a current ratio of 0.62 and a quick ratio of 0.60. VEON has a fifty-two week low of $0.24 and a fifty-two week high of $2.38. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 2.63 and a beta of 1.56.

VEON has been the topic of several research analyst reports. StockNews.com upgraded shares of VEON from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 3rd. Zacks Investment Research raised VEON from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research note on Tuesday, March 29th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $1.95.

About VEON (Get Rating)

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless internet access and mobile financial services; and mobile bundles and call completion services.

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