Short Interest in Verizon Communications Inc. (NYSE:VZ) Grows By 34.8%

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Short interest in Verizon Communications Inc. (NYSE:VZ) increased by 34.8% to 148,344,833 shares as of February 13th, representing about 3.5% of the stock and a 3.3 days-to-cover ratio. The company recently exceeded quarterly earnings expectations with $1.09 EPS and raised its quarterly dividend to $0.7075, implying an annualized yield of approximately 5.7%. While analysts have a “Moderate Buy” consensus rating with a target price of $49.02, institutional investors have shown mixed activity, with some increasing and others decreasing their stakes.

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