Vodafone Group Public Limited (NASDAQ:VOD) Short Interest Down 35.8% in August

Vodafone Group Public Limited (NASDAQ:VOD) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 6,430,000 shares, a drop of 35.8% from the July 31st total of 10,020,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 5,060,000 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

Several brokerages recently issued reports on VOD. StockNews.com cut Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. UBS Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating on the stock. Finally, New Street Research raised Vodafone Group Public to a “strong-buy” rating in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.45.

Vodafone Group Public Stock Performance

Shares of VOD traded down $0.14 during mid-day trading on Thursday, hitting $9.67. The stock had a trading volume of 5,304,493 shares, compared to its average volume of 6,587,187. The firm has a market cap of $26.06 billion, a P/E ratio of 8.87, a PEG ratio of 0.95 and a beta of 0.75. The business has a fifty day moving average price of $9.23 and a 200-day moving average price of $8.97. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29. Vodafone Group Public has a 52 week low of $8.02 and a 52 week high of $10.19.

Hedge Funds Weigh In On Vodafone Group Public

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vicus Capital boosted its holdings in shares of Vodafone Group Public by 10.0% in the 2nd quarter. Vicus Capital now owns 12,629 shares of the cell phone carrier’s stock worth $112,000 after purchasing an additional 1,144 shares in the last quarter. Cohen Investment Advisors LLC boosted its holdings in shares of Vodafone Group Public by 4.4% in the 2nd quarter. Cohen Investment Advisors LLC now owns 27,092 shares of the cell phone carrier’s stock worth $257,000 after purchasing an additional 1,148 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Vodafone Group Public by 10.6% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 13,356 shares of the cell phone carrier’s stock worth $116,000 after purchasing an additional 1,277 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of Vodafone Group Public by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 46,497 shares of the cell phone carrier’s stock worth $412,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Vodafone Group Public by 14.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 10,723 shares of the cell phone carrier’s stock worth $95,000 after purchasing an additional 1,352 shares in the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

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.