Liberty Media Corp. (LMCK) Sees Significant Drop in Short Interest
Liberty Media Corp. (NASDAQ:LMCK) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 3,038,152 shares, a drop of 25.5% from the September 15th total of 4,076,615 shares. Currently, 6.1% of the shares of the company are short sold. Based on an average daily volume of 586,361 shares, the days-to-cover ratio is presently 5.2 days.
Shares of Liberty Media Corp. (NASDAQ:LMCK) opened at 27.54 on Friday. Liberty Media Corp. has a 12 month low of $17.47 and a 12 month high of $29.73. The company has a 50-day moving average of $26.19 and a 200 day moving average of $22.01.
About Liberty Media Corp.
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.
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