VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEON) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 50,600 shares, a decrease of 13.4% from the February 13th total of 58,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 126,500 shares, the days-to-cover ratio is presently 0.4 days.

VEON Price Performance

Shares of NASDAQ VEON opened at $45.94 on Thursday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 6.14 and a beta of 1.47. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. The stock’s 50-day simple moving average is $44.35 and its two-hundred day simple moving average is $36.90. VEON has a twelve month low of $22.35 and a twelve month high of $48.39.

Hedge Funds Weigh In On VEON

Institutional investors have recently added to or reduced their stakes in the business. Lingotto Investment Management LLP increased its position in shares of VEON by 2.9% during the 4th quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider’s stock valued at $230,192,000 after purchasing an additional 159,714 shares during the last quarter. Helikon Investments Ltd increased its position in shares of VEON by 5.0% during the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock valued at $117,377,000 after purchasing an additional 138,149 shares during the last quarter. Diameter Capital Partners LP bought a new position in shares of VEON during the 4th quarter valued at about $25,161,000. Citigroup Inc. increased its position in shares of VEON by 13.4% during the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock valued at $7,567,000 after purchasing an additional 29,350 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of VEON by 2.2% during the 4th quarter. Russell Investments Group Ltd. now owns 117,808 shares of the Wireless communications provider’s stock valued at $4,724,000 after purchasing an additional 2,512 shares during the last quarter. 21.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Benchmark upped their target price on VEON from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd.

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.