Vodafone Group PLC (NASDAQ:VOD) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 7,551,950 shares, a decline of 12.6% from the August 15th total of 8,644,863 shares. Based on an average daily trading volume, of 2,445,869 shares, the short-interest ratio is presently 3.1 days.

Shares of Vodafone Group PLC (VOD) opened at 28.86 on Wednesday. The stock’s 50 day moving average is $28.95 and its 200 day moving average is $28.04. The company’s market cap is $76.83 billion. Vodafone Group PLC has a 12 month low of $24.17 and a 12 month high of $30.39.

Hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. grew its stake in shares of Vodafone Group PLC by 68.6% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock worth $102,000 after acquiring an additional 1,571 shares in the last quarter. Clear Perspective Advisors LLC grew its stake in shares of Vodafone Group PLC by 13.8% in the 2nd quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock worth $104,000 after acquiring an additional 440 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Vodafone Group PLC by 239.5% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock worth $111,000 after acquiring an additional 2,975 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Vodafone Group PLC by 21.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after acquiring an additional 768 shares in the last quarter. Finally, Pacific Center for Financial Services grew its stake in shares of Vodafone Group PLC by 9.9% in the 1st quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock worth $133,000 after acquiring an additional 452 shares in the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

A number of equities analysts have commented on the stock. Standpoint Research lowered shares of Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price target on the stock. in a research report on Thursday, June 1st. Sanford C. Bernstein upgraded shares of Vodafone Group PLC from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 30th. BidaskClub upgraded shares of Vodafone Group PLC from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Bank of America Corporation upgraded shares of Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 target price on the stock in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co reiterated a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.64.

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About Vodafone Group PLC

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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