Liberty Global Ltd (NASDAQ:LBTYB) Short Interest Up 290.8% in August

Key Points

• Short interest surged 290.8% in August to 4,963 shares, though that represents roughly 0.0% of shares outstanding and only 0.4 days to cover.
• FNY Investment Advisers acquired a new stake of 5,252 shares valued at approximately $68,000; institutional and hedge-fund ownership remains low at 0.47%.
• Analyst sentiment remains negative, with a consensus “Sell” rating. Liberty Global also missed quarterly expectations, reporting a $1.07 loss per share versus the $0.48 expected and revenue of $1.17 billion versus $1.34 billion estimated.

Liberty Global Ltd (NASDAQ:LBTYB - Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,963 shares, an increase of 290.8% from the August 15th total of 1,270 shares. Based on an average daily trading volume, of 11,835 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Liberty Global

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Global currently has a consensus rating of "Sell".

Liberty Global Stock Performance

NASDAQ LBTYB opened at $12.98 on Friday. Liberty Global has a 1-year low of $10.20 and a 1-year high of $29.01. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of -1.45 and a beta of 0.42. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $12.40 and a 200-day moving average of $13.30.

Liberty Global (NASDAQ:LBTYB - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 28.82% and a negative net margin of 62.11%.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that owns, operates and invests in broadband, mobile, fixed-line voice and video businesses. Its consumer services generally include high-speed internet, mobile connectivity, digital television and related communications products, delivered through established regional brands.

The company's principal activities are concentrated in Europe. Liberty Global has interests in communications businesses serving customers in the United Kingdom, the Netherlands, Belgium and Switzerland, including Virgin Media O2 in the U.K., VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland.

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