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

Liberty Global Ltd (NASDAQ:LBTYB) was the recipient of 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. Based on an average trading volume of 276 shares, the days-to-cover ratio is presently 10.9 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Liberty Global

An institutional investor recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC purchased a new position in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Liberty Global Price Performance

Shares of NASDAQ:LBTYB traded up $0.07 during trading on Thursday, reaching $12.29. The stock had a trading volume of 527 shares, compared to its average volume of 29,375. 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 has a fifty day moving average price of $12.52 and a 200-day moving average price of $13.25. The stock has a market cap of $4.19 billion, a PE ratio of -1.37 and a beta of 0.42. Liberty Global has a 1-year low of $10.20 and a 1-year high of $29.01.

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

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.