Vedanta Limited American Depositary Shares (each (NYSE:VEDL) Shorts Reduced By 12.12%

June 27, 2018 - By Nellie Deboer

Vedanta Limited (NYSE:VEDL) Corporate Logo

It was recorded a decrease on Vedanta Limited American Depositary Shares (each (NYSE:VEDL)’s shorted shares with 12.12%. FINRA announced in June VEDL’s total 1.99 million shorted shares. That’s 12.12% down from 2.26M shares. Former VEDL’s position will need 4 days to recover. It has 514,400 average volume. Vedanta Limited American Depositary Shares (each’s shorted shares float is 0.49%.

VEDL touched $13.42 during the last trading session after $0.13 change.Currently Vedanta Limited is uptrending after 2.47% change in last June 27, 2017. VEDL has also 277,736 shares volume. VEDL underperformed the S&P500 by 10.10%.

Vedanta Limited, a diversified natural resources company, engages in exploring, extracting, and processing minerals, and gas and oil in India.The company has $12.70 billion market cap. It produces gas and oil, zinc, lead, silver, copper, iron ore, and aluminum.The P/E ratio is 8.06. The firm also operates 600 megawatts of thermal coal based power facility in the State of Odisha; and 274 megawatts of wind power plants.

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