VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEON) was the recipient of a significant 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. Based on an average daily trading volume, of 126,500 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

VEON Stock Down 2.0 %

Shares of NASDAQ VEON opened at $45.03 on Friday. 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 $3.33 billion, a price-to-earnings ratio of 6.02 and a beta of 1.47. The stock has a 50 day moving average price of $44.36 and a 200 day moving average price of $36.96. VEON has a 52-week low of $22.35 and a 52-week high of $48.39.

VEON (NASDAQ:VEON) last announced its quarterly earnings results on Thursday, March 20th. The Wireless communications provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.

Institutional Trading of VEON

A number of large investors have recently modified their holdings of VEON. Diameter Capital Partners LP purchased a new stake in shares of VEON in the fourth quarter valued at approximately $25,161,000. Lingotto Investment Management LLP lifted its holdings in VEON by 2.9% during the fourth quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider’s stock worth $230,192,000 after buying an additional 159,714 shares during the period. Helikon Investments Ltd lifted its holdings in VEON by 5.0% during the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock worth $117,377,000 after buying an additional 138,149 shares during the period. Cyrus Capital Partners L.P. purchased a new stake in VEON during the fourth quarter worth $2,994,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in VEON during the third quarter worth $2,069,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Analyst Ratings Changes

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

VEON Company Profile

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.