Vedanta Limited American Depositary Shares (each (NYSE:VEDL) Just Reported Decreased Shorts

June 13, 2018 - By Kurt Siggers

Vedanta Limited (NYSE:VEDL) Logo

The stock of Vedanta Limited American Depositary Shares (each (NYSE:VEDL) registered a decrease of 12.12% in short interest. VEDL’s total short interest was 1.99 million shares in June as published by FINRA. Its down 12.12% from 2.26 million shares, reported previously. With 514,400 shares average volume, it will take short sellers 4 days to cover their VEDL’s short positions. The short interest to Vedanta Limited American Depositary Shares (each’s float is 0.49%.

The stock decreased 1.86% or $0.27 during the last trading session, reaching $14.27. About 979,942 shares traded or 61.67% up from the average. Vedanta Limited (NYSE:VEDL) has risen 2.47% since June 13, 2017 and is uptrending. It has underperformed by 10.10% the S&P500.

Vedanta Limited, a diversified natural resources company, engages in exploring, extracting, and processing minerals, and gas and oil in India. The company has market cap of $13.25 billion. It produces gas and oil, zinc, lead, silver, copper, iron ore, and aluminum. It has a 8.2 P/E ratio. 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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