Vodafone Group Plc (NASDAQ:VOD) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 7,551,950 shares, a drop of 12.6% from the August 15th total of 8,644,863 shares. Based on an average daily trading volume, of 2,445,869 shares, the days-to-cover ratio is currently 3.1 days.

A number of hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Vodafone Group Plc by 68.6% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock valued at $102,000 after acquiring an additional 1,571 shares in the last quarter. Clear Perspective Advisors LLC boosted its position in shares of Vodafone Group Plc by 13.8% during the second quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock valued at $104,000 after buying an additional 440 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Vodafone Group Plc by 239.5% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock valued at $111,000 after buying an additional 2,975 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Vodafone Group Plc by 21.0% during the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock valued at $127,000 after buying an additional 768 shares during the last quarter. Finally, Pacific Center for Financial Services boosted its position in shares of Vodafone Group Plc by 9.9% during the first quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock valued at $133,000 after buying an additional 452 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Vodafone Group Plc (NASDAQ VOD) opened at 28.58 on Friday. Vodafone Group Plc has a 12 month low of $24.17 and a 12 month high of $30.39. The company has a 50 day moving average price of $29.02 and a 200 day moving average price of $27.93.

Several research firms recently commented on VOD. Standpoint Research cut shares of Vodafone Group Plc from an “accumulate” rating to a “reduce” rating and set a $30.00 price target for the company. in a report on Thursday, June 1st. Sanford C. Bernstein raised shares of Vodafone Group Plc from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 30th. BidaskClub raised shares of Vodafone Group Plc from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Bank of America Corporation raised shares of Vodafone Group Plc from a “neutral” rating to a “buy” rating and set a $32.56 price target on the stock in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Vodafone Group Plc has an average rating of “Buy” and a consensus target price of $31.64.

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Vodafone Group Plc Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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