VimpelCom Ltd. (NASDAQ:VEON) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 2,470,175 shares, a decline of 23.0% from the August 15th total of 3,206,381 shares. Based on an average daily trading volume, of 1,564,035 shares, the short-interest ratio is presently 1.6 days.

Shares of VimpelCom (NASDAQ VEON) opened at 4.16 on Friday. The stock has a market cap of $7.28 billion, a PE ratio of 4.31 and a beta of 2.23. VimpelCom has a 52 week low of $3.12 and a 52 week high of $4.50. The stock has a 50 day moving average of $4.13 and a 200-day moving average of $4.01.

VimpelCom (NASDAQ:VEON) last announced its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.09). VimpelCom had a negative return on equity of 8.29% and a net margin of 18.26%. The business had revenue of $2.42 billion during the quarter. Equities research analysts predict that VimpelCom will post $0.33 earnings per share for the current fiscal year.

The company also recently disclosed a None dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th were paid a dividend of $0.11 per share. This represents a yield of 2.63%. The ex-dividend date was Thursday, August 10th.

A number of hedge funds and other institutional investors have recently bought and sold shares of VEON. Abrams Capital Management L.P. purchased a new position in VimpelCom during the first quarter worth $76,585,000. Macquarie Group Ltd. purchased a new position in VimpelCom during the first quarter worth $32,486,000. OZ Management LP purchased a new position in VimpelCom during the first quarter worth $31,987,000. Van ECK Associates Corp purchased a new position in VimpelCom during the first quarter worth $30,549,000. Finally, Raging Capital Management LLC purchased a new position in VimpelCom during the first quarter worth $26,798,000. 12.17% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on VEON. BidaskClub raised shares of VimpelCom from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Royal Bank Of Canada set a $7.00 price objective on shares of VimpelCom and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of VimpelCom from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine raised shares of VimpelCom from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, J P Morgan Chase & Co raised shares of VimpelCom from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $4.00 to $4.50 in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $5.31.

TRADEMARK VIOLATION WARNING: This story was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/21/vimpelcom-ltd-veon-short-interest-down-23-0-in-august.html.

About VimpelCom

Receive News & Ratings for VimpelCom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VimpelCom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.