VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEON) was the recipient of a large 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 126,500 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On VEON

Several hedge funds have recently made changes to their positions in VEON. Rhumbline Advisers increased its position in shares of VEON by 300.0% in the 4th 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. SBI Securities Co. Ltd. acquired a new stake in VEON during the 4th quarter worth about $58,000. Mirae Asset Global Investments Co. Ltd. grew its position 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 worth $58,000 after purchasing an additional 720 shares during the period. JPMorgan Chase & Co. grew its position in VEON by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 776 shares during the period. Finally, R Squared Ltd acquired a new stake in VEON during the 4th quarter worth about $101,000. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON Price Performance

NASDAQ VEON opened at $45.03 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. The stock’s fifty day moving average price is $44.36 and its 200 day moving average price is $36.96. VEON has a 1 year low of $22.35 and a 1 year high of $48.39. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 6.02 and a beta of 1.47.

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

Analysts Set New Price Targets

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

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.