Vodafone Group Plc (NASDAQ:VOD) saw a large increase in short interest during the month of September. As of September 28th, there was short interest totalling 6,521,211 shares, an increase of 74.4% from the September 14th total of 3,739,231 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,784,862 shares, the days-to-cover ratio is presently 1.0 days.
Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. raised its stake in Vodafone Group by 149.8% in the 2nd quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carrier’s stock worth $129,000 after purchasing an additional 3,191 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Vodafone Group by 722.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carrier’s stock valued at $133,000 after buying an additional 4,798 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Vodafone Group in the 2nd quarter valued at approximately $143,000. NumerixS Investment Technologies Inc acquired a new position in shares of Vodafone Group in the 2nd quarter valued at approximately $153,000. Finally, Sterling Capital Management LLC acquired a new position in shares of Vodafone Group in the 2nd quarter valued at approximately $207,000. Institutional investors and hedge funds own 10.07% of the company’s stock.
Shares of Vodafone Group stock opened at $19.99 on Friday. Vodafone Group has a twelve month low of $19.78 and a twelve month high of $32.75. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $57.88 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80.
A number of analysts have recently issued reports on VOD shares. Zacks Investment Research cut shares of Vodafone Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. BidaskClub upgraded shares of Vodafone Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 7th. Bank of America cut shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Citigroup upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Thursday, September 6th. Finally, Deutsche Bank restated a “buy” rating on shares of Vodafone Group in a research note on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $33.36.
Vodafone Group Company Profile
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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