Short Interest in VEON Ltd. (NASDAQ:VEON) Declines By 29.3%

VEON Ltd. (NASDAQ:VEON) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 49,900 shares, a decline of 29.3% from the January 15th total of 70,600 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 91,400 shares, the short-interest ratio is presently 0.5 days.

VEON Stock Performance

Shares of NASDAQ VEON opened at $45.69 on Friday. The business’s 50-day moving average price is $41.53 and its two-hundred day moving average price is $33.95. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. VEON has a one year low of $21.96 and a one year high of $48.39.

VEON (NASDAQ:VEON) last released its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Analyst Ratings Changes

Separately, Benchmark assumed coverage on shares of VEON in a research note on Tuesday, November 12th. They set a “buy” rating and a $48.00 price target for the company.

Institutional Trading of VEON

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in VEON by 300.0% during the fourth quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 540 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in VEON by 100.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 720 shares in the last quarter. JPMorgan Chase & Co. lifted its position in VEON by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 776 shares during the period. Geode Capital Management LLC grew its holdings in VEON by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 43,322 shares of the Wireless communications provider’s stock valued at $1,737,000 after purchasing an additional 1,254 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in VEON in the 4th quarter valued at $58,000. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

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.