Vodafone Group Plc (NASDAQ:VOD) Short Interest Update

Vodafone Group Plc (NASDAQ:VOD) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 7,348,034 shares, a growth of 74.1% from the August 15th total of 4,219,533 shares. Based on an average daily trading volume, of 5,808,227 shares, the short-interest ratio is presently 1.3 days.

Several institutional investors have recently modified their holdings of VOD. Fisher Asset Management LLC increased its stake in Vodafone Group by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 28,292,890 shares of the cell phone carrier’s stock valued at $687,800,000 after purchasing an additional 1,144,581 shares in the last quarter. Wells Fargo & Company MN increased its stake in Vodafone Group by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 7,079,742 shares of the cell phone carrier’s stock valued at $172,108,000 after purchasing an additional 21,787 shares in the last quarter. Renaissance Technologies LLC increased its stake in Vodafone Group by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 6,538,686 shares of the cell phone carrier’s stock valued at $158,955,000 after purchasing an additional 96,686 shares in the last quarter. UBS Group AG increased its stake in Vodafone Group by 4.0% during the 1st quarter. UBS Group AG now owns 5,957,179 shares of the cell phone carrier’s stock valued at $165,729,000 after purchasing an additional 227,346 shares in the last quarter. Finally, ACR Alpine Capital Research LLC increased its stake in Vodafone Group by 14.7% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,777,428 shares of the cell phone carrier’s stock valued at $116,140,000 after purchasing an additional 612,039 shares in the last quarter. Institutional investors own 10.07% of the company’s stock.

Shares of Vodafone Group stock traded down $0.12 during trading on Friday, hitting $21.08. The company’s stock had a trading volume of 11,322,544 shares, compared to its average volume of 4,542,576. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $57.88 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.72 and a beta of 0.80. Vodafone Group has a 52 week low of $21.01 and a 52 week high of $32.75.

VOD has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Tuesday, August 7th. Bank of America cut shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th. Standpoint Research raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Tuesday, September 11th. Citigroup raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Thursday, September 6th. Finally, BidaskClub cut shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus 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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