Vedanta Ltd (NYSE:VEDL) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,650,000 shares, an increase of 43.5% from the August 30th total of 1,150,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 580,900 shares, the short-interest ratio is presently 2.8 days.

VEDL traded down $0.15 during mid-day trading on Monday, reaching $8.41. 15,664 shares of the company traded hands, compared to its average volume of 561,340. The stock has a market capitalization of $7.65 billion, a P/E ratio of 7.84 and a beta of 1.33. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $8.18 and its 200-day moving average price is $9.21. Vedanta has a 52-week low of $7.04 and a 52-week high of $12.47.

Vedanta (NYSE:VEDL) last announced its earnings results on Thursday, July 25th. The basic materials company reported $0.21 earnings per share for the quarter. The business had revenue of $3.08 billion during the quarter. Vedanta had a net margin of 7.38% and a return on equity of 17.03%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. grew its position in shares of Vedanta by 24.0% during the 2nd quarter. Macquarie Group Ltd. now owns 54,800 shares of the basic materials company’s stock valued at $557,000 after acquiring an additional 10,600 shares during the period. Atria Investments LLC bought a new stake in shares of Vedanta during the 2nd quarter valued at $455,000. Cresset Asset Management LLC grew its position in shares of Vedanta by 1,650.1% during the 2nd quarter. Cresset Asset Management LLC now owns 12,303 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 11,600 shares during the period. Morgan Stanley grew its position in shares of Vedanta by 548.0% during the 2nd quarter. Morgan Stanley now owns 485,209 shares of the basic materials company’s stock valued at $4,935,000 after acquiring an additional 410,329 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Vedanta by 34.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,872,476 shares of the basic materials company’s stock valued at $19,043,000 after acquiring an additional 482,731 shares during the period. Institutional investors and hedge funds own 3.67% of the company’s stock.

Vedanta Company Profile

Vedanta Limited operates as a diversified natural resources company in India. The company produces oil and gas, zinc, lead, silver, iron ore, copper, and aluminum. It also operates 1,980 megawatts (MW) thermal coal-based commercial power facilities; a 600 MW thermal coal-based commercial power facility in Jharsuguda; a 600 MW thermal coal- based commercial power facility in Korba; 274 MW wind power plants; and a 100 MW power plant.

Further Reading: Percentage Decliners

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