VEON Ltd. (NASDAQ:VEON) Short Interest Up 100.6% in March

VEON Ltd. (NASDAQ:VEON) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 72,800 shares, a growth of 100.6% from the March 15th total of 36,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in VEON by 8.2% during the first quarter. JPMorgan Chase & Co. now owns 1,220,547 shares of the Wireless communications provider’s stock valued at $833,000 after purchasing an additional 92,065 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of VEON by 85.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 68,681 shares of the Wireless communications provider’s stock valued at $49,000 after buying an additional 31,706 shares in the last quarter. Cibc World Market Inc. bought a new position in VEON in the 1st quarter worth approximately $153,000. Vontobel Holding Ltd. purchased a new position in VEON in the 1st quarter valued at approximately $48,000. Finally, Allianz Asset Management GmbH raised its holdings in VEON by 1,979.1% during the 1st quarter. Allianz Asset Management GmbH now owns 5,498,638 shares of the Wireless communications provider’s stock valued at $3,754,000 after acquiring an additional 5,234,162 shares during the period. Institutional investors own 21.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of VEON from a “buy” rating to a “hold” rating in a research note on Monday.

VEON Stock Up 1.3 %

Shares of NASDAQ VEON opened at $23.78 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a fifty day simple moving average of $23.83 and a two-hundred day simple moving average of $20.53. VEON has a 1-year low of $14.50 and a 1-year high of $26.68.

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.