Veon LTD. – American Depositary Shares (NASDAQ:VEON) Short Interest Rose By 34.42%

June 27, 2018 - By Jimmy Cauthen

Veon LTD. – American Depositary Shares (NASDAQ:VEON) had an increase of its short interest by 34.42%. It was issued in June by FINRA the 19.38M short interest on VEON. The 14.42 million previous shares are up with 34.42%. 2 days will cost VEON with 8.65 million average volume to restore its former position. Veon LTD. – American Depositary Shares’s short interest float is 2.98%.

VEON is touching $2.41 during the last trading session, after increased 2.12%.Currently VEON Ltd. is downtrending after 33.85% change in last June 27, 2017. VEON has 771,550 shares volume. The stock underperformed the S&P500 by 46.42%.

VEON Ltd., a communications and technology company, through its subsidiaries, provides mobile and fixed-line telecommunications services.The firm is worth $4.22 billion. The firm offers mobile telecommunications services under contract and prepaid plans for corporate and consumer divisions; value added services, including messaging services, content/infotainment services, data access services, location based services, media, and content delivery channels; national and international roaming services; wireless Internet access; mobile financial services; and mobile bundles.Currently it has negative earnings. It also provides fixed-line telecommunication services, such as business and corporate services comprising various telecommunications and information technology, and data center services to companies and high-end residential buildings; carrier and operator services; consumer Internet services, which provide fixed-line telephony, Internet access, and home phone services on a VoIP and copper wire basis; consumer voice offerings; corporate voice offerings that offer fixed-line voice services, data services, value added services, and connectivity services to corporate customers, such as large corporate customers, small and medium enterprises, and SOHOs; and Internet and data services, which provide Internet and data transmission services to consumer and corporate customers.

There’s a significant VEON Ltd. (NASDAQ:VEON) news announced by It’s an article titled: “Consolidated Research: 2018 Summary Expectations for Encana, Netflix, Veon, The Walt Disney, Gilead Sciences, and …” on June 14, 2018.

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