Short Interest Worth Mentioning: Could Vimpelcom Limited Ads (NASDAQ:VIP) See a Reversal After More Sellers Came In?

November 18, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Worth Mentioning: Could Vimpelcom Limited Ads (NASDAQ:VIP) See a Reversal After More Sellers Came In?

The stock of Vimpelcom Limited Ads (NASDAQ:VIP) registered an increase of 130.83% in short interest. VIP’s total short interest was 1.84 million shares in November as published by FINRA. Its up 130.83% from 796,900 shares, reported previously. With 3.93 million shares average volume, it will take short sellers 1 days to cover their VIP’s short positions. The short interest to Vimpelcom Limited Ads’s float is 0.39%. About 1.84M shares traded hands. VimpelCom Ltd (ADR) (NASDAQ:VIP) has declined 14.55% since April 18, 2016 and is downtrending. It has underperformed by 18.98% the S&P500.

VimpelCom Ltd. is an international communications and technology company. The company has a market cap of $5.74 billion. The Firm provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies and operates in Russia, Algeria, Pakistan, Bangladesh, Ukraine, Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, Tajikistan, Georgia, Laos, Zimbabwe and Italy. It currently has negative earnings. It provides services under the Beeline, Kyivstar, banglalink, Mobilink, Djezzy and WIND brands.

VimpelCom Ltd (ADR) (NASDAQ:VIP) Ratings Coverage

Out of 5 analysts covering VimpelCom (NASDAQ:VIP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. VimpelCom has been the topic of 13 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) earned “Buy” rating by Renaissance Capital on Wednesday, September 14. The stock has “Hold” rating given by HSBC on Tuesday, August 11. The company was downgraded on Friday, April 8 by Citigroup. The stock has “Equal Weight” rating given by Barclays Capital on Friday, November 27. The rating was maintained by RBC Capital Markets on Monday, November 9 with “Outperform”. The firm has “Outperform” rating given on Friday, August 7 by RBC Capital Markets. The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) earned “Equal Weight” rating by Barclays Capital on Wednesday, August 26. Deutsche Bank upgraded the shares of VIP in a report on Monday, August 10 to “Hold” rating. Citigroup upgraded VimpelCom Ltd (ADR) (NASDAQ:VIP) on Tuesday, November 10 to “Buy” rating.

More recent VimpelCom Ltd (ADR) (NASDAQ:VIP) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Investorplace.com published the news titled: “Why Geron Corporation (GERN), Polaris Industries Inc. (PII) and VimpelCom Ltd …” on September 12, 2016. Investorplace.com‘s news article titled: “VimpelCom Ltd (ADR) (VIP) Forfeits Gains on Secondary Offering” with publication date: September 16, 2016 was also an interesting one.

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By Clifton Ray


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