Vodafone Group Public Limited Sees Significant Rise in Short Interest

Vodafone Group Public Limited (NASDAQ:VOD) experienced a notable increase in short interest throughout January. As of January 31st, the short interest totaled 10,930,000 shares, marking a substantial rise of 52.9% compared to 7,150,000 shares on January 15th. Currently, 0.4% of the company's stock is sold short. Given the average trading volume of 7,920,000 shares, the days-to-cover ratio stands at 1.4 days.

Analysts Set New Price Targets

In a separate development, Goldman Sachs Group lowered its rating on Vodafone Group Public from "buy" to "neutral" as stated in a research report released on December 9th. The stock analysis reveals that two research analysts have assigned a hold rating, two recommended a buy, and one analyst issued a strong buy. According to MarketBeat, the consensus rating for the stock is classified as "Moderate Buy."

Institutional Trading of Vodafone Group Public

Recent actions by institutional investors and hedge funds show notable changes in their stakes with Vodafone Group Public. Stifel Financial Corp increased its position by 34.9% in the third quarter, now holding 778,068 shares worth approximately $7,796,000 after acquiring an additional 201,360 shares. Similarly, Oppenheimer & Co. Inc. expanded its position by a staggering 1,119.6% during the same quarter, amassing 942,179 shares valued at $9,441,000 after gaining an extra 864,924 shares. Additionally, International Assets Investment Management LLC acquired a new stake in Vodafone during the third quarter, estimated at around $7,482,000. Goldentree Asset Management LP also increased its stake by 1.9%, owning 3,283,292 shares valued at $32,898,000 after an additional purchase of 60,943 shares. Finally, FNY Investment Advisers LLC saw a dramatic boost in its holdings by 62,900.0% in the fourth quarter, acquiring 63,000 shares worth $534,000. Overall, institutional investors and hedge funds control approximately 7.84% of Vodafone Group Public's stock.

Vodafone Group Public Trading Up 1.1%

On Thursday, shares of Vodafone Group Public opened at $8.59. The stock has maintained a 50-day moving average of $8.50 and a 200-day moving average of $9.16. Financial metrics reveal a debt-to-equity ratio of 0.78, a current ratio of 1.37, and a quick ratio of 1.34. Over the past year, the company's stock has recorded a low of $8.00 and a high of $10.39.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services both in Europe and internationally. Its offerings include mobile connectivity services, which provide comprehensive solutions for mobile voice and data, messaging, device management, and telecoms management. The company also offers fixed-line connectivity services such as fixed voice and data, broadband, and satellite communications, as well as financial and business services.

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