VimpelCom Ltd. (NASDAQ:VEON) Sees Large Drop in Short Interest
VimpelCom Ltd. (NASDAQ:VEON) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 3,512,057 shares, a decrease of 25.7% from the July 14th total of 4,728,113 shares. Based on an average daily trading volume, of 2,271,002 shares, the days-to-cover ratio is presently 1.5 days.
Shares of VimpelCom (NASDAQ VEON) opened at 3.97 on Friday. VimpelCom has a 12-month low of $3.12 and a 12-month high of $4.50. The firm has a 50-day moving average of $4.00 and a 200-day moving average of $4.02. The firm has a market capitalization of $6.94 billion, a PE ratio of 4.11 and a beta of 2.31.
VimpelCom (NASDAQ:VEON) last announced its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.09. VimpelCom had a net margin of 18.26% and a negative return on equity of 8.29%. The firm had revenue of $2.42 billion for the quarter. Equities analysts anticipate that VimpelCom will post $0.28 earnings per share for the current year.
The company also recently disclosed a None dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 14th will be given a dividend of $0.11 per share. This represents a yield of 2.63%. The ex-dividend date is Thursday, August 10th.
Hedge funds have recently made changes to their positions in the stock. Stevens Capital Management LP purchased a new stake in shares of VimpelCom during the first quarter valued at approximately $117,000. Invictus RG bought a new position in VimpelCom during the first quarter valued at about $131,000. Oxford Asset Management bought a new position in VimpelCom during the first quarter valued at about $152,000. Carl Domino Inc bought a new position in VimpelCom during the first quarter valued at about $237,000. Finally, KCG Holdings Inc. bought a new position in VimpelCom during the first quarter valued at about $248,000. 10.98% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on VEON shares. Zacks Investment Research upgraded shares of VimpelCom from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $6.50 price target on shares of VimpelCom in a report on Thursday, May 18th. ValuEngine cut shares of VimpelCom from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Finally, J P Morgan Chase & Co upgraded shares of VimpelCom from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $4.00 to $4.50 in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $5.39.
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VimpelCom Company Profile
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