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

Vodafone Group Public Limited (NASDAQ:VOD) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 6,450,000 shares, an increase of 25.0% from the November 30th total of 5,160,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 5,650,000 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Vodafone Group Public Price Performance

Shares of NASDAQ VOD traded up $0.01 during midday trading on Friday, reaching $8.43. The company’s stock had a trading volume of 7,551,491 shares, compared to its average volume of 6,255,521. The company has a market cap of $21.73 billion, a P/E ratio of 8.03, a P/E/G ratio of 0.61 and a beta of 0.77. Vodafone Group Public has a fifty-two week low of $8.02 and a fifty-two week high of $10.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The business’s 50 day moving average price is $8.94 and its two-hundred day moving average price is $9.29.

Vodafone Group Public Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.2423 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 8%. Vodafone Group Public’s payout ratio is 42.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Apollon Wealth Management LLC grew its stake in Vodafone Group Public by 7.6% during the third quarter. Apollon Wealth Management LLC now owns 17,072 shares of the cell phone carrier’s stock worth $171,000 after buying an additional 1,204 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of Vodafone Group Public by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 46,497 shares of the cell phone carrier’s stock worth $412,000 after acquiring an additional 1,350 shares during the period. DRW Securities LLC boosted its position in shares of Vodafone Group Public by 2.2% during the 3rd quarter. DRW Securities LLC now owns 66,256 shares of the cell phone carrier’s stock worth $664,000 after acquiring an additional 1,399 shares in the last quarter. D Orazio & Associates Inc. raised its position in Vodafone Group Public by 11.5% during the second quarter. D Orazio & Associates Inc. now owns 13,870 shares of the cell phone carrier’s stock valued at $123,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Pitcairn Co. lifted its stake in Vodafone Group Public by 10.4% during the third quarter. Pitcairn Co. now owns 15,432 shares of the cell phone carrier’s stock worth $155,000 after purchasing an additional 1,458 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

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.