VEON Ltd. (NASDAQ:VEON) Short Interest Down 16.0% in November

VEON Ltd. (NASDAQ:VEON) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 56,500 shares, a decrease of 16.0% from the November 15th total of 67,300 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 37,900 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of VEON

A number of large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in VEON during the third quarter valued at approximately $2,069,000. Citigroup Inc. lifted its holdings 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 buying an additional 29,350 shares during the period. Helikon Investments Ltd boosted its stake in shares of VEON by 1.8% in the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider’s stock worth $84,840,000 after buying an additional 49,680 shares during the last quarter. Samson Rock Capital LLP bought a new stake in shares of VEON in the third quarter worth $913,000. Finally, Lingotto Investment Management LLP grew its holdings in shares of VEON by 1.0% in the second quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider’s stock worth $139,754,000 after acquiring an additional 53,807 shares during the period. 21.30% of the stock is currently owned by institutional investors.

VEON Stock Down 1.7 %

NASDAQ VEON opened at $36.47 on Friday. VEON has a one year low of $18.50 and a one year high of $38.00. The stock has a 50-day moving average of $32.18 and a 200 day moving average of $28.97. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66.

Wall Street Analysts Forecast Growth

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

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.