VEON Ltd. (NASDAQ:VEON) Short Interest Up 56.9% in July

VEON Ltd. (NASDAQ:VEON) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 354,000 shares, agrowthof56.9% from the July 15th total of 225,600 shares. Based on an average trading volume of 260,900 shares, the days-to-cover ratio is currently 1.4 days. Approximately0.5% of the shares of the company are short sold. Approximately0.5% of the shares of the company are short sold. Based on an average trading volume of 260,900 shares, the days-to-cover ratio is currently 1.4 days.

Analyst Ratings Changes

A number of brokerages have issued reports on VEON. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of VEON in a research report on Monday, June 16th. Litchfield Hills Research raised VEON to a “strong-buy” rating in a research note on Thursday, June 26th. Finally, Wall Street Zen raised VEON from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average target price of $60.00.

VEON Stock Down 8.0%

VEON opened at $57.72 on Thursday. VEON has a one year low of $25.92 and a one year high of $64.00. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.80 and a current ratio of 0.81. The stock’s fifty day moving average is $49.47 and its 200-day moving average is $46.99. The company has a market capitalization of $4.27 billion, a PE ratio of 4.23 and a beta of 1.50.

VEON (NASDAQ:VEON) last posted its quarterly earnings data on Thursday, August 7th. The Wireless communications provider reported $8.30 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $7.35. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.02 billion. VEON had a return on equity of 75.40% and a net margin of 23.75%. VEON has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On VEON

A number of institutional investors and hedge funds have recently modified their holdings of VEON. Diameter Capital Partners LP acquired a new stake in shares of VEON during the fourth quarter worth $25,161,000. GAMMA Investing LLC grew its holdings in shares of VEON by 5,190.9% during the first quarter. GAMMA Investing LLC now owns 157,563 shares of the Wireless communications provider’s stock valued at $6,871,000 after buying an additional 154,585 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of VEON by 22.3% during the first quarter. Wellington Management Group LLP now owns 647,096 shares of the Wireless communications provider’s stock valued at $28,220,000 after buying an additional 117,945 shares in the last quarter. Cyrus Capital Partners L.P. purchased a new position in shares of VEON during the fourth quarter valued at $2,994,000. Finally, Lingotto Investment Management LLP grew its holdings in shares of VEON by 1.2% during the second quarter. Lingotto Investment Management LLP now owns 5,957,666 shares of the Wireless communications provider’s stock valued at $274,470,000 after buying an additional 70,659 shares in the last quarter. 21.30% of the stock is owned by institutional investors and hedge funds.

About VEON

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.