Vodafone Group Public Limited (NASDAQ:VOD) Sees Significant Decrease in Short Interest

Vodafone Group Public Limited (NASDAQ:VOD) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 4,070,000 shares, a drop of 36.7% from the August 15th total of 6,430,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,800,000 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VOD shares. UBS Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Vodafone Group Public in a report on Thursday, June 20th. They issued a “buy” rating on the stock. Finally, New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Vodafone Group Public presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.45.

Institutional Investors Weigh In On Vodafone Group Public

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazari Capital Management Inc. lifted its position in shares of Vodafone Group Public by 23.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 24,122 shares of the cell phone carrier’s stock worth $214,000 after purchasing an additional 4,621 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Vodafone Group Public in the 2nd quarter worth about $420,000. Founders Financial Alliance LLC lifted its position in shares of Vodafone Group Public by 18.6% in the 2nd quarter. Founders Financial Alliance LLC now owns 12,727 shares of the cell phone carrier’s stock worth $113,000 after purchasing an additional 2,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vodafone Group Public by 102.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 114,894 shares of the cell phone carrier’s stock worth $1,019,000 after purchasing an additional 58,142 shares during the period. Finally, Creative Planning lifted its position in Vodafone Group Public by 10.3% during the 2nd quarter. Creative Planning now owns 270,102 shares of the cell phone carrier’s stock valued at $2,396,000 after acquiring an additional 25,290 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Stock Up 1.4 %

NASDAQ:VOD opened at $10.17 on Monday. The company has a 50-day moving average price of $9.48 and a 200-day moving average price of $9.10. Vodafone Group Public has a 12 month low of $8.02 and a 12 month high of $10.29. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.