Vodafone Group PLC (NASDAQ:VOD) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 14,351,000 shares, a decline of 12.0% from the October 14th total of 16,310,686 shares. Based on an average daily trading volume, of 4,195,831 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.5% of the company’s shares are sold short.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Washington Trust Bank boosted its position in shares of Vodafone Group PLC by 25.8% in the third quarter. Washington Trust Bank now owns 3,791 shares of the cell phone carrier’s stock worth $111,000 after buying an additional 778 shares in the last quarter. Joel Isaacson & Co. LLC boosted its position in shares of Vodafone Group PLC by 13.2% in the second quarter. Joel Isaacson & Co. LLC now owns 3,662 shares of the cell phone carrier’s stock worth $113,000 after buying an additional 427 shares in the last quarter. Security National Trust Co. boosted its position in shares of Vodafone Group PLC by 4.9% in the third quarter. Security National Trust Co. now owns 4,195 shares of the cell phone carrier’s stock worth $123,000 after buying an additional 195 shares in the last quarter. Bruderman Asset Management LLC boosted its position in shares of Vodafone Group PLC by 43.1% in the third quarter. Bruderman Asset Management LLC now owns 4,283 shares of the cell phone carrier’s stock worth $125,000 after buying an additional 1,290 shares in the last quarter. Finally, Seven Eight Capital LLC bought a new position in shares of Vodafone Group PLC during the second quarter worth approximately $126,000. Hedge funds and other institutional investors own 9.57% of the company’s stock.

Several brokerages have weighed in on VOD. Berenberg Bank restated a “buy” rating on shares of Vodafone Group PLC in a report on Sunday, August 14th. Argus began coverage on Vodafone Group PLC in a report on Tuesday, September 20th. They set a “hold” rating on the stock. HSBC restated a “buy” rating on shares of Vodafone Group PLC in a report on Wednesday, September 28th. JPMorgan Chase & Co. restated a “buy” rating on shares of Vodafone Group PLC in a report on Thursday, October 13th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Vodafone Group PLC in a report on Tuesday, September 13th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $30.52.

Shares of Vodafone Group PLC (NASDAQ:VOD) opened at 26.19 on Friday. Vodafone Group PLC has a 12 month low of $26.05 and a 12 month high of $34.70.

About Vodafone Group PLC

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

5 Day Chart for NASDAQ:VOD

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