Vodafone Group Public Limited (NASDAQ:VOD) Sees Large Increase in Short Interest

Vodafone Group Public Limited (NASDAQ:VOD) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 16,030,000 shares, a growth of 23.4% from the February 28th total of 12,990,000 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 10,020,000 shares, the days-to-cover ratio is currently 1.6 days.

Vodafone Group Public Trading Down 1.1 %

Shares of Vodafone Group Public stock opened at $9.27 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $8.88 and a 200 day simple moving average of $9.02. Vodafone Group Public has a 12-month low of $8.00 and a 12-month high of $10.39. The company has a market capitalization of $21.95 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. lifted its stake in Vodafone Group Public by 341.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier’s stock valued at $35,202,000 after purchasing an additional 3,206,506 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of Vodafone Group Public during the 4th quarter valued at $22,646,000. Voloridge Investment Management LLC bought a new position in shares of Vodafone Group Public during the 4th quarter worth $21,969,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Vodafone Group Public by 18.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after acquiring an additional 2,238,935 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Vodafone Group Public by 177.1% during the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after purchasing an additional 2,145,085 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Wall Street Analyst Weigh In

VOD has been the topic of several research reports. The Goldman Sachs Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. StockNews.com cut shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Bank of America lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

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.