VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEON) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 50,600 shares, a drop of 13.4% from the February 13th total of 58,400 shares. Based on an average daily volume of 126,500 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Benchmark raised their price objective on VEON from $48.00 to $56.00 and gave the company a “buy” rating in a report on Monday, March 3rd.

VEON Trading Up 2.7 %

Shares of VEON stock opened at $45.98 on Wednesday. The stock’s fifty day moving average is $44.32 and its two-hundred day moving average is $36.84. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $3.40 billion, a P/E ratio of 6.15 and a beta of 1.47. VEON has a fifty-two week low of $22.17 and a fifty-two week high of $48.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of VEON by 300.0% during the 4th quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 540 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of VEON during the 4th quarter worth $58,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of VEON by 100.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 720 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of VEON by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock worth $81,000 after acquiring an additional 776 shares during the period. Finally, R Squared Ltd purchased a new position in shares of VEON during the 4th quarter worth $101,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

About VEON

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.