Liberty Global Ltd (NASDAQ:LBTYB) Stock Short Interest Declines 39.3%

Key Points

• Liberty Global’s short interest fell 39.3% to 3,014 shares as of September 15, equivalent to 0.0% of shares outstanding; the short-interest ratio was 10.9 days.
• FNY Investment Advisers acquired a new stake of 5,252 shares worth approximately $68,000, while institutional and hedge-fund ownership remains limited at 0.47%.
• Investor sentiment remains negative: the stock carries a consensus “Sell” rating, recently traded near $12.29, and the company missed quarterly earnings and revenue estimates while reporting sizable losses.

Liberty Global Ltd (NASDAQ:LBTYB - Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,014 shares, a drop of 39.3% from the August 31st total of 4,963 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 276 shares, the short-interest ratio is presently 10.9 days.

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 stake in Liberty Global Ltd (NASDAQ:LBTYB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,252 shares of the company's stock, valued at approximately $68,000. 0.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Liberty Global Stock Performance

NASDAQ LBTYB traded up $0.07 during mid-day trading on Thursday, reaching $12.29. 527 shares of the stock were exchanged, compared to its average volume of 29,375. The company has a market capitalization of $4.19 billion, a P/E ratio of -1.37 and a beta of 0.42. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The business's 50 day moving average is $12.52 and its 200-day moving average is $13.25. Liberty Global has a 1 year low of $10.20 and a 1 year high of $29.01.

Liberty Global (NASDAQ:LBTYB - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.11% and a negative return on equity of 28.82%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.34 billion.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that builds, operates and invests in broadband, mobile, television and fixed-line communications businesses. Its offerings generally include high-speed internet, video and entertainment services, mobile connectivity, fixed-line voice and communications solutions for businesses and public-sector customers.

The company serves customers primarily across Europe through wholly owned operations, joint ventures and strategic investments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.