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

Vodafone Group Public Limited (NASDAQ:VOD) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 4,410,000 shares, an increase of 170.6% from the October 31st total of 1,630,000 shares. Based on an average daily volume of 4,990,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

Vodafone Group Public Price Performance

Shares of VOD opened at $8.97 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. Vodafone Group Public has a 52-week low of $8.02 and a 52-week high of $10.39. The stock has a 50 day moving average price of $9.46 and a 200 day moving average price of $9.41.

Vodafone Group Public Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, November 22nd will be paid a $0.2423 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 8%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. UBS Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Institutional Trading of Vodafone Group Public

Several hedge funds and other institutional investors have recently made changes to their positions in VOD. GAMMA Investing LLC raised its position in Vodafone Group Public by 116.7% during the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 2,102 shares during the last quarter. Asset Dedication LLC lifted its holdings in Vodafone Group Public by 630.9% in the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock worth $41,000 after buying an additional 4,000 shares in the last quarter. Trust Co. of Vermont grew its stake in Vodafone Group Public by 1,493.2% during the 3rd quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 4,405 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Vodafone Group Public in the 2nd quarter valued at approximately $49,000. Finally, CENTRAL TRUST Co increased its position in shares of Vodafone Group Public by 37.8% in the 3rd quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock worth $55,000 after purchasing an additional 1,513 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

About Vodafone Group Public

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.