VEON Ltd. (NASDAQ:VEON) Short Interest Update

VEON Ltd. (NASDAQ:VEON - Get Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 150,000 shares, a growth of 60.4% from the May 15th total of 93,500 shares. Based on an average daily volume of 168,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of VEON in a research report on Monday.

VEON Trading Up 1.8%

Shares of VEON stock traded up $0.68 on Monday, hitting $38.95. 774,909 shares of the company's stock traded hands, compared to its average volume of 99,283. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. VEON has a one year low of $25.31 and a one year high of $58.30. The company's fifty day simple moving average is $47.32 and its 200 day simple moving average is $44.02. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 6.23 and a beta of 1.51.

VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The Wireless communications provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.53. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $996.00 million.

Institutional Trading of VEON

Several large investors have recently modified their holdings of VEON. Diameter Capital Partners LP bought a new stake in shares of VEON during the fourth quarter valued at approximately $25,161,000. Lingotto Investment Management LLP lifted its stake in VEON by 2.9% during the 4th quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock valued at $230,192,000 after acquiring an additional 159,714 shares during the period. GAMMA Investing LLC lifted its position in VEON by 5,190.9% during the first quarter. GAMMA Investing LLC now owns 157,563 shares of the Wireless communications provider's stock valued at $6,871,000 after purchasing an additional 154,585 shares during the period. Wellington Management Group LLP lifted its position in VEON by 22.3% during the first quarter. Wellington Management Group LLP now owns 647,096 shares of the Wireless communications provider's stock valued at $28,220,000 after purchasing an additional 117,945 shares during the period. Finally, Cyrus Capital Partners L.P. bought a new position in VEON in the fourth quarter valued at about $2,994,000. 21.30% of the stock is owned by institutional investors.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.