Vodafone Group Public Limited (NASDAQ:VOD) Short Interest Update

Vodafone Group Public Limited (NASDAQ:VOD) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 9,730,000 shares, a growth of 140.2% from the May 31st total of 4,050,000 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 6,020,000 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Vodafone Group Public

Large investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC bought a new position in Vodafone Group Public in the fourth quarter worth approximately $88,000. International Assets Investment Management LLC bought a new position in Vodafone Group Public in the fourth quarter worth approximately $589,000. Stifel Financial Corp raised its stake in Vodafone Group Public by 23.6% in the fourth quarter. Stifel Financial Corp now owns 532,381 shares of the cell phone carrier’s stock worth $4,632,000 after buying an additional 101,553 shares in the last quarter. Cerity Partners LLC raised its stake in Vodafone Group Public by 4.2% in the fourth quarter. Cerity Partners LLC now owns 30,215 shares of the cell phone carrier’s stock worth $263,000 after buying an additional 1,229 shares in the last quarter. Finally, Leo Wealth LLC acquired a new position in shares of Vodafone Group Public during the fourth quarter worth $1,159,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Trading Down 0.3 %

Vodafone Group Public stock opened at $8.77 on Friday. The company has a 50 day moving average price of $9.02 and a 200-day moving average price of $8.78. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. Vodafone Group Public has a fifty-two week low of $8.02 and a fifty-two week high of $10.19.

Vodafone Group Public Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 7th will be paid a $0.469 dividend. This represents a yield of 9.6%. The ex-dividend date of this dividend is Friday, June 7th.

Wall Street Analysts Forecast Growth

VOD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating for the company. StockNews.com downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Monday, May 27th.

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.