Vodafone Group Public Limited (NASDAQ:VOD) Sees Significant Decline in Short Interest

Vodafone Group Public Limited (NASDAQ:VOD) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,630,000 shares, a drop of 48.9% from the October 15th total of 3,190,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,580,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Vodafone Group Public

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in Vodafone Group Public by 116.7% during the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 2,102 shares during the last quarter. Asset Dedication LLC boosted its holdings in shares of Vodafone Group Public by 630.9% in the second quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock worth $41,000 after buying an additional 4,000 shares during the last quarter. Trust Co. of Vermont grew its position in Vodafone Group Public by 1,493.2% during the third quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock valued at $47,000 after buying an additional 4,405 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Vodafone Group Public during the first quarter valued at approximately $46,000. Finally, CENTRAL TRUST Co raised its position in Vodafone Group Public by 37.8% in the third quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock worth $55,000 after acquiring an additional 1,513 shares during the period. Institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

VOD has been the subject of a number of analyst reports. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. UBS Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Vodafone Group Public presently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

Shares of NASDAQ:VOD opened at $8.47 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $9.76 and a two-hundred day simple moving average of $9.39. Vodafone Group Public has a 12-month low of $8.02 and a 12-month high of $10.39.

About Vodafone Group Public

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.