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

Vodafone Group Public Limited (NASDAQ:VOD) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 16,030,000 shares, an increase of 23.4% from the February 28th total of 12,990,000 shares. Based on an average daily volume of 10,020,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.6% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, March 24th. The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $9.37 on Tuesday. The firm has a market capitalization of $22.18 billion, a PE ratio of 8.22, a P/E/G ratio of 0.66 and a beta of 0.75. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $8.87 and a two-hundred day moving average price of $9.03. Vodafone Group Public has a twelve month low of $8.00 and a twelve month high of $10.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VOD. Wellington Management Group LLP purchased a new stake in shares of Vodafone Group Public during the fourth quarter worth $970,000. Wealth Enhancement Advisory Services LLC boosted its stake in Vodafone Group Public by 97.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 75,677 shares of the cell phone carrier’s stock worth $643,000 after purchasing an additional 37,282 shares during the period. Brucke Financial Inc. purchased a new position in Vodafone Group Public during the 4th quarter valued at about $114,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Vodafone Group Public by 7.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 30,862 shares of the cell phone carrier’s stock worth $269,000 after buying an additional 2,076 shares in the last quarter. Finally, WNY Asset Management LLC grew its stake in Vodafone Group Public by 0.7% during the fourth quarter. WNY Asset Management LLC now owns 350,112 shares of the cell phone carrier’s stock valued at $2,972,000 after acquiring an additional 2,505 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

Vodafone Group Public Company Profile

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.