VimpelCom Ltd. (VEON) Short Interest Update
VimpelCom Ltd. (NASDAQ:VEON) was the recipient of a significant drop in short interest during the month of September. As of September 29th, there was short interest totalling 1,719,907 shares, a drop of 38.1% from the September 15th total of 2,778,781 shares. Based on an average trading volume of 7,147,101 shares, the days-to-cover ratio is currently 0.2 days.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new position in VimpelCom during the first quarter worth $4,867,000. Macquarie Group Ltd. bought a new position in VimpelCom during the first quarter worth $32,486,000. Credit Suisse AG bought a new position in VimpelCom during the first quarter worth $421,000. Marathon Asset Management LP bought a new position in VimpelCom during the first quarter worth $408,000. Finally, BlueCrest Capital Management Ltd bought a new position in VimpelCom during the first quarter worth $1,201,000. 12.12% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of VimpelCom from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Thursday, October 5th. BidaskClub upgraded shares of VimpelCom from a “hold” rating to a “buy” rating in a report on Saturday, September 9th. Royal Bank Of Canada set a $7.00 target price on shares of VimpelCom and gave the stock a “buy” rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of VimpelCom from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Finally, J P Morgan Chase & Co upgraded shares of VimpelCom from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $4.00 to $4.50 in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $5.35.
Shares of VimpelCom (NASDAQ VEON) opened at 4.01 on Friday. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 4.16 and a beta of 2.20. The firm has a 50-day moving average of $4.13 and a 200 day moving average of $4.01. VimpelCom has a 12-month low of $3.12 and a 12-month high of $4.50.
VimpelCom (NASDAQ:VEON) last issued its earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The company had revenue of $2.42 billion for the quarter. VimpelCom had a negative return on equity of 8.29% and a net margin of 18.26%. On average, equities research analysts expect that VimpelCom will post $0.31 earnings per share for the current year.
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VimpelCom Company Profile
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