Today, VimpelCom Ltd. (VIP) Short Interest Update

Today, VimpelCom Ltd. (VIP) Short Interest Update

VimpelCom Ltd. (NASDAQ:VIP) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,437,897 shares, an increase of 30.7% from the October 31st total of 4,926,792 shares. Based on an average trading volume of 3,026,958 shares, the days-to-cover ratio is currently 2.1 days.

A number of analysts recently issued reports on the company. Zacks Investment Research cut VimpelCom from a “hold” rating to a “sell” rating in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $8.00 target price on shares of VimpelCom in a research note on Monday, November 7th. Credit Suisse Group AG assumed coverage on VimpelCom in a research note on Monday, November 7th. They set an “outperform” rating and a $4.80 target price for the company. JPMorgan Chase & Co. reissued a “sell” rating and set a $3.50 target price on shares of VimpelCom in a research note on Friday, November 4th. Finally, Citigroup Inc. raised VimpelCom from a “neutral” rating to a “buy” rating in a research note on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $5.38.

Shares of VimpelCom (NASDAQ:VIP) opened at 3.30 on Tuesday. VimpelCom has a 12-month low of $2.71 and a 12-month high of $4.51. The stock has a 50 day moving average price of $3.30 and a 200 day moving average price of $3.74. The firm has a market cap of $5.77 billion, a P/E ratio of 6.99 and a beta of 2.53.

The business also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Investors of record on Friday, November 18th will be paid a $0.026 dividend. The ex-dividend date is Wednesday, November 16th.

Institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd raised its position in VimpelCom by 37.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,385 shares of the company’s stock worth $102,000 after buying an additional 7,136 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of VimpelCom during the third quarter valued at about $162,000. Allianz Asset Management AG acquired a new position in shares of VimpelCom during the second quarter valued at about $182,000. BNP Paribas Arbitrage SA raised its position in shares of VimpelCom by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 47,202 shares of the company’s stock valued at $183,000 after buying an additional 15,381 shares during the period. Finally, Carl Domino Inc raised its position in shares of VimpelCom by 63.9% in the third quarter. Carl Domino Inc now owns 59,000 shares of the company’s stock valued at $206,000 after buying an additional 23,000 shares during the period. 9.95% of the stock is currently owned by institutional investors.

VimpelCom Company Profile

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