VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEON - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 75,600 shares, a growth of 40.5% from the March 15th total of 53,800 shares. Based on an average daily volume of 135,500 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On VEON

A number of institutional investors have recently added to or reduced their stakes in VEON. Diameter Capital Partners LP bought a new position in shares of VEON in the fourth quarter valued at approximately $25,161,000. Lingotto Investment Management LLP grew its stake in shares of VEON by 2.9% during the fourth quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock valued at $230,192,000 after purchasing an additional 159,714 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of VEON by 5,190.9% in the first quarter. GAMMA Investing LLC now owns 157,563 shares of the Wireless communications provider's stock valued at $6,871,000 after purchasing an additional 154,585 shares in the last quarter. Helikon Investments Ltd raised its position in VEON by 5.0% in the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock worth $117,377,000 after purchasing an additional 138,149 shares during the last quarter. Finally, Cyrus Capital Partners L.P. acquired a new position in VEON during the 4th quarter worth $2,994,000. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON Stock Performance

Shares of VEON stock traded up $0.16 during mid-day trading on Wednesday, reaching $43.49. The stock had a trading volume of 61,591 shares, compared to its average volume of 63,527. VEON has a one year low of $22.94 and a one year high of $48.39. The firm has a market cap of $3.22 billion, a PE ratio of 7.59 and a beta of 1.39. The firm's 50 day simple moving average is $43.31 and its 200 day simple moving average is $39.26. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34.

VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The Wireless communications provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. The firm had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.01 billion. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Analyst Upgrades and Downgrades

Separately, Benchmark lifted their price target on VEON from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, March 25th.

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.