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Short Interest in Vodafone Group Plc (NASDAQ:VOD) Declines By 20.6%

Last updated on Wednesday, September 16, 2020 | 2020 MarketBeat

Vodafone Group Plc (NASDAQ:VOD) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 4,970,000 shares, a decline of 20.6% from the August 15th total of 6,260,000 shares. Based on an average trading volume of 3,280,000 shares, the short-interest ratio is currently 1.5 days.

VOD has been the topic of several research analyst reports. Zacks Investment Research cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Deutsche Bank reaffirmed a "buy" rating on shares of Vodafone Group in a research note on Thursday, July 9th. They noted that the move was a valuation call. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Vodafone Group in a research note on Tuesday, July 7th. Finally, BidaskClub lowered shares of Vodafone Group from a "sell" rating to a "strong sell" rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of "Buy" and an average price target of $18.67.

Several institutional investors have recently modified their holdings of VOD. RMR Wealth Builders bought a new position in shares of Vodafone Group in the second quarter worth approximately $25,000. MV Capital Management Inc. bought a new position in shares of Vodafone Group in the second quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in Vodafone Group in the first quarter worth $30,000. Barrett Asset Management LLC lifted its stake in Vodafone Group by 122.7% in the second quarter. Barrett Asset Management LLC now owns 2,078 shares of the cell phone carrier's stock worth $33,000 after acquiring an additional 1,145 shares during the period. Finally, Laidlaw Wealth Management LLC lifted its stake in Vodafone Group by 1,529.3% in the second quarter. Laidlaw Wealth Management LLC now owns 554,266 shares of the cell phone carrier's stock worth $35,000 after acquiring an additional 520,247 shares during the period. Hedge funds and other institutional investors own 8.10% of the company's stock.

Shares of NASDAQ VOD opened at $14.06 on Wednesday. Vodafone Group has a one year low of $11.46 and a one year high of $21.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.02 and a quick ratio of 1.00. The firm's 50 day simple moving average is $15.04 and its two-hundred day simple moving average is $15.19. The stock has a market capitalization of $37.71 billion, a P/E ratio of 22.68, a PEG ratio of 1.76 and a beta of 0.83.

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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