VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEON - Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 49,900 shares, a drop of 29.3% from the January 15th total of 70,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 91,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VEON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of VEON during the third quarter worth approximately $2,069,000. Citigroup Inc. increased its holdings in shares of VEON by 13.4% during the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock worth $7,567,000 after buying an additional 29,350 shares in the last quarter. Helikon Investments Ltd increased its holdings in shares of VEON by 5.0% during the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock worth $117,377,000 after buying an additional 138,149 shares in the last quarter. Samson Rock Capital LLP increased its holdings in shares of VEON by 20.0% during the fourth quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider's stock worth $1,444,000 after buying an additional 6,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of VEON by 100.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock worth $58,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company's stock.

VEON Trading Up 0.8 %

NASDAQ:VEON traded up $0.35 during mid-day trading on Tuesday, hitting $45.60. The company's stock had a trading volume of 253,384 shares, compared to its average volume of 132,561. VEON has a fifty-two week low of $21.96 and a fifty-two week high of $48.39. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a fifty day moving average of $42.15 and a 200-day moving average of $34.38.

VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Wall Street Analyst Weigh In

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 target price for the company.

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.