Short Interest in VEON Ltd. (NASDAQ:VEON) Drops By 42.0%

Fri., May 26, 2023 | MarketBeat

VEON Ltd. (NASDAQ:VEON - Get Rating) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 19,300 shares, a decrease of 42.0% from the April 30th total of 33,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 62,600 shares, the days-to-cover ratio is presently 0.3 days.

VEON Price Performance

Shares of NASDAQ:VEON opened at $19.32 on Friday. The company's 50 day moving average is $18.52 and its two-hundred day moving average is $15.49. VEON has a 52 week low of $7.45 and a 52 week high of $21.48.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VEON. UBS Group AG grew its position in VEON by 22.6% during the 3rd quarter. UBS Group AG now owns 171,685 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 31,678 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of VEON in the first quarter valued at about $54,000. Great West Life Assurance Co. Can boosted its holdings in VEON by 85.7% during the first quarter. Great West Life Assurance Co. Can now owns 68,681 shares of the Wireless communications provider's stock worth $49,000 after buying an additional 31,706 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in VEON during the first quarter worth about $48,000. Finally, Jane Street Group LLC purchased a new stake in shares of VEON in the second quarter valued at about $45,000. 16.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of VEON from a "strong-buy" rating to a "buy" rating in a report on Friday, May 19th.

About VEON

(Get Rating)

VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone Market, Growth Engine, and Frontier Market. The Cornerstone segment includes operations in Russia. The Growth Engines segment comprises businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan.

Should you invest $1,000 in VEON right now?

Before you consider VEON, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VEON wasn't on the list.

While VEON currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report