Vodafone Group Public Limited (NASDAQ:VOD – Get Free Report) 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
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.
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