Vodafone Group Public Limited (NASDAQ:VOD) Sees Large Increase in Short Interest

Vodafone Group Public Limited (NASDAQ:VOD) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 4,410,000 shares, a growth of 170.6% from the October 31st total of 1,630,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 4,990,000 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Vodafone Group Public

Hedge funds have recently made changes to their positions in 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 worth $35,000 after buying an additional 2,102 shares during the last quarter. Asset Dedication LLC lifted its holdings in Vodafone Group Public by 630.9% during the 2nd 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 in the last quarter. Trust Co. of Vermont raised its stake in shares of 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 worth $47,000 after buying an additional 4,405 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Vodafone Group Public in the 2nd quarter valued at approximately $49,000. Finally, CENTRAL TRUST Co increased its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. UBS Group lowered 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vodafone Group Public presently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Price Performance

Vodafone Group Public stock remained flat at $8.97 during midday trading on Friday. The company had a trading volume of 4,792,965 shares, compared to its average volume of 6,142,688. The business’s 50 day moving average is $9.44 and its two-hundred day moving average is $9.40. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. Vodafone Group Public has a 1 year low of $8.02 and a 1 year high of $10.39.

Vodafone Group Public Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.2423 per share. This represents a dividend yield of 8%. The ex-dividend date of this dividend is Friday, November 22nd.

Vodafone Group Public Company Profile

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.