Lions Gate Entertainment Corp. (NYSE:LGF.B) Short Interest Update
Lions Gate Entertainment Corp. (NYSE:LGF.B) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,490,000 shares, a growth of 16.4% from the January 15th total of 2,140,000 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 857,200 shares, the short-interest ratio is currently 2.9 days.
Separately, Wells Fargo & Co downgraded Lions Gate Entertainment from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 21st.
Shares of Lions Gate Entertainment stock traded up $0.10 on Friday, reaching $10.06. 883,500 shares of the company were exchanged, compared to its average volume of 808,836. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50-day moving average is $9.91 and its two-hundred day moving average is $9.45. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -7.29 and a beta of 1.39. Lions Gate Entertainment has a 1-year low of $7.21 and a 1-year high of $16.55.
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. The company operates through three segments: Motion Pictures, Television Production, and Media Networks.
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