Short Interest in VEON Ltd. (NASDAQ:VEON) Decreases By 29.3%

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

VEON Trading Down 1.0 %

Shares of VEON stock traded down $0.44 on Friday, reaching $45.25. The company had a trading volume of 175,772 shares, compared to its average volume of 114,675. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. The firm’s 50-day moving average price is $41.74 and its two-hundred day moving average price is $34.03. VEON has a 1 year low of $21.96 and a 1 year high of $48.39.

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

Analyst Ratings Changes

Separately, Benchmark started coverage on shares of VEON in a research note on Tuesday, November 12th. They set a “buy” rating and a $48.00 price target on the stock.

Hedge Funds Weigh In On VEON

A number of hedge funds have recently added to or reduced their stakes in the stock. Lingotto Investment Management LLP grew its holdings in VEON by 2.9% in the fourth quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider’s stock worth $230,192,000 after purchasing an additional 159,714 shares during the last quarter. Helikon Investments Ltd raised its position in shares of VEON by 5.0% in the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock valued at $117,377,000 after purchasing an additional 138,149 shares during the last quarter. Cyrus Capital Partners L.P. purchased a new stake in VEON during the 4th quarter worth approximately $2,994,000. 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 $2,069,000. Finally, Citigroup Inc. grew 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 valued at $7,567,000 after buying an additional 29,350 shares during the last quarter. 21.30% of the stock is currently owned by institutional investors.

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.