Vedanta Limited (NYSE:VEDL) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,051,610 shares, a decrease of 37.8% from the November 15th total of 1,690,551 shares. Based on an average daily trading volume, of 333,118 shares, the short-interest ratio is currently 3.2 days.

Several large investors have recently bought and sold shares of VEDL. Vanguard Group Inc. boosted its position in shares of Vedanta by 63.7% during the 1st quarter. Vanguard Group Inc. now owns 692,182 shares of the basic materials company’s stock worth $11,885,000 after purchasing an additional 269,232 shares during the period. First Trust Advisors LP lifted its holdings in Vedanta by 82.3% during the 2nd quarter. First Trust Advisors LP now owns 530,586 shares of the basic materials company’s stock worth $8,235,000 after buying an additional 239,551 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Vedanta during the 2nd quarter worth approximately $298,000. SG Americas Securities LLC lifted its holdings in Vedanta by 22.6% during the 2nd quarter. SG Americas Securities LLC now owns 10,613 shares of the basic materials company’s stock worth $165,000 after buying an additional 1,959 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Vedanta by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 31,175 shares of the basic materials company’s stock worth $484,000 after buying an additional 986 shares in the last quarter. 4.30% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub cut shares of Vedanta from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd.

Shares of Vedanta (NYSE VEDL) opened at $19.55 on Wednesday. Vedanta has a one year low of $12.36 and a one year high of $21.63. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The firm has a market cap of $18,070.00, a P/E ratio of 14.44 and a beta of 2.14.

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Vedanta Company Profile

Vedanta Limited is a natural resource company engaged in the business of manufacturing copper and copper products, and aluminum and aluminum products. The Company’s segments include Copper, which consists of manufacturing of copper cathode, continuous cast copper rod and anode slime, including from purchased concentrate and manufacturing of precious metal from anode slime, sulfuric acid, phosphoric acid; Iron ore; Aluminium, which consists of manufacturing of alumina and various aluminum products; Power, which consists of power, including power facilities engaged in generation and sale of commercial power, and Other, which consists pig iron and metallurgical coke.

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