Veon LTD. – American Depositary Shares (NASDAQ:VEON) Shorts Rose By 34.42% As Of Jun 27, 2018

June 27, 2018 - By Andre Harris

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

The stock increased 2.12% or $0.05 during the last trading session, hitting $2.41.Currently VEON Ltd. is downtrending after 33.85% change in last June 27, 2017. VEON has 771,550 shares volume. VEON 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 item titled: “Consolidated Research: 2018 Summary Expectations for Encana, Netflix, Veon, The Walt Disney, Gilead Sciences, and …” on June 14, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: