Liberty Media Corp. (LMCK) Sees Significant Drop in Short Interest
Liberty Media Corp. (NASDAQ:LMCK) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 1,857,817 shares, a decline of 31.6% from the October 31st total of 2,716,846 shares. Currently, 3.7% of the company’s stock are short sold. Based on an average trading volume of 565,813 shares, the days-to-cover ratio is currently 3.3 days.
Separately, Zacks Investment Research raised Liberty Media Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, October 21st.
Shares of Liberty Media Corp. (NASDAQ:LMCK) opened at 31.43 on Wednesday. The firm’s 50-day moving average price is $28.84 and its 200 day moving average price is $23.44. Liberty Media Corp. has a 52-week low of $17.47 and a 52-week high of $33.15.
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Liberty Media Corp. Company Profile
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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