Vodafone Group Public Limited (NASDAQ:VOD) Sees Large Decrease in Short Interest

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 4,070,000 shares, a decrease of 36.7% from the August 15th total of 6,430,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,800,000 shares, the days-to-cover ratio is presently 0.8 days.

Vodafone Group Public Price Performance

NASDAQ VOD traded up $0.14 on Friday, hitting $10.17. 4,756,774 shares of the company were exchanged, compared to its average volume of 6,513,667. Vodafone Group Public has a 12 month low of $8.02 and a 12 month high of $10.29. The stock has a fifty day moving average of $9.48 and a 200-day moving average of $9.10. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VOD shares. StockNews.com upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Vodafone Group Public in a research report on Thursday, June 20th. They issued a "buy" rating for the company. New Street Research upgraded shares of Vodafone Group Public to a "strong-buy" rating in a research report on Monday, July 8th. Finally, UBS Group cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in Vodafone Group Public during the fourth quarter worth $589,000. Russell Investments Group Ltd. raised its holdings in Vodafone Group Public by 19,827.9% during the fourth quarter. Russell Investments Group Ltd. now owns 189,514 shares of the cell phone carrier's stock worth $1,649,000 after buying an additional 188,563 shares during the last quarter. Private Advisor Group LLC raised its holdings in Vodafone Group Public by 22.3% during the fourth quarter. Private Advisor Group LLC now owns 39,324 shares of the cell phone carrier's stock worth $342,000 after buying an additional 7,182 shares during the last quarter. Jump Financial LLC raised its holdings in Vodafone Group Public by 343.8% during the fourth quarter. Jump Financial LLC now owns 47,764 shares of the cell phone carrier's stock worth $416,000 after buying an additional 37,002 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Vodafone Group Public by 19.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,775 shares of the cell phone carrier's stock worth $122,000 after buying an additional 2,215 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Vodafone Group Public Company Profile

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.