VEON Ltd. (NASDAQ:VEON) Sees Large Decrease in Short Interest

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

Analyst Upgrades and Downgrades

Separately, Benchmark initiated coverage on shares of VEON in a research note on Tuesday, November 12th. They issued a "buy" rating and a $48.00 price target for the company.

VEON Trading Down 1.7 %

NASDAQ:VEON traded down $0.62 on Friday, hitting $36.47. The stock had a trading volume of 28,626 shares, compared to its average volume of 32,771. VEON has a 52 week low of $18.50 and a 52 week high of $38.00. The business's fifty day moving average is $32.18 and its 200 day moving average is $28.97. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.

Institutional Trading of VEON

Hedge funds and other institutional investors have recently bought and sold shares of the business. Samson Rock Capital LLP acquired a new position in shares of VEON during the third quarter valued at about $913,000. Citigroup Inc. lifted its position in VEON by 13.4% in the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock valued at $7,567,000 after acquiring an additional 29,350 shares in the last quarter. Lingotto Investment Management LLP boosted its stake in VEON by 1.0% during the 2nd quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider's stock valued at $139,754,000 after purchasing an additional 53,807 shares during the last quarter. Helikon Investments Ltd increased its holdings in VEON by 1.8% during the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider's stock worth $84,840,000 after purchasing an additional 49,680 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of VEON in the third quarter worth approximately $2,069,000. Institutional investors own 21.30% of the company's 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.