VimpelCom Ltd (NASDAQ:VIP) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,839,465 shares, a growth of 130.8% from the August 31st total of 796,915 shares. Based on an average daily volume of 3,931,071 shares, the short-interest ratio is currently 0.5 days.

VimpelCom (NASDAQ:VIP) opened at 3.48 on Wednesday. The stock’s 50 day moving average is $3.89 and its 200-day moving average is $3.89. VimpelCom has a 52-week low of $2.71 and a 52-week high of $4.51. The company’s market cap is $6.09 billion.

Several hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in VimpelCom by 3.7% in the second quarter. Advisors Asset Management Inc. now owns 182,736 shares of the company’s stock worth $709,000 after buying an additional 6,583 shares in the last quarter. State Street Corp increased its stake in VimpelCom by 17.2% in the first quarter. State Street Corp now owns 186,671 shares of the company’s stock worth $795,000 after buying an additional 27,382 shares in the last quarter. Gabelli Funds LLC increased its stake in VimpelCom by 3.4% in the second quarter. Gabelli Funds LLC now owns 1,545,000 shares of the company’s stock worth $5,995,000 after buying an additional 51,000 shares in the last quarter. Royal Bank of Canada increased its stake in VimpelCom by 7.2% in the first quarter. Royal Bank of Canada now owns 28,171 shares of the company’s stock valued at $120,000 after buying an additional 1,888 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in VimpelCom by 36.7% in the second quarter. First Trust Advisors LP now owns 1,647,415 shares of the company’s stock valued at $6,392,000 after buying an additional 442,276 shares in the last quarter.

A number of research firms recently weighed in on VIP. Bank of America Corp. set a $5.60 price objective on VimpelCom and gave the company a “buy” rating in a report on Monday, September 12th. Zacks Investment Research upgraded VimpelCom from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Morgan Stanley began coverage on VimpelCom in a report on Thursday, September 8th. They issued an “overweight” rating and a $5.70 price objective for the company. Renaissance Capital upgraded VimpelCom from a “hold” rating to a “buy” rating and decreased their price objective for the company from $5.10 to $4.30 in a report on Wednesday, September 14th. Finally, VTB Capital upgraded VimpelCom from a “hold” rating to a “buy” rating in a report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.54.

About VimpelCom

VimpelCom Ltd. is an international communications and technology company. The Company 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.

5 Day Chart for NASDAQ:VIP

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