Liberty Global Ltd (NASDAQ:LBTYB) Sees Large Decrease in Short Interest

Key Points

• Short interest fell 60.6% to 1,133 shares as of July 15, representing 0.0% of Liberty Global’s stock and just 0.2 days to cover.
• FNY Investment Advisers opened a new position of 5,252 shares worth approximately $68,000; institutional investors and hedge funds collectively own 0.47% of the company.
• Liberty Global reported a quarterly loss of $1.07 per share, missing the $0.48 consensus estimate, while revenue of $1.17 billion also came in below expectations. Weiss Ratings downgraded the stock, which has a consensus rating of Sell.

Liberty Global Ltd (NASDAQ:LBTYB - Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,133 shares, a decrease of 60.6% from the June 30th total of 2,873 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 7,156 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,252 shares of the company's stock, valued at approximately $68,000. Institutional investors and hedge funds own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Liberty Global from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

Liberty Global Stock Performance

LBTYB stock opened at $11.63 on Monday. The stock's 50 day simple moving average is $12.97 and its 200 day simple moving average is $13.19. Liberty Global has a 12-month low of $9.79 and a 12-month high of $29.01. The firm has a market cap of $3.93 billion, a P/E ratio of -1.30 and a beta of 0.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYB - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 27.89% and a negative net margin of 62.11%.

Liberty Global Company Profile

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.

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