Liberty Global PLC (NASDAQ:LBTYK) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 9,400,000 shares, an increase of 6.2% from the June 30th total of 8,850,000 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is presently 3.4 days.
Several analysts recently commented on the company. BidaskClub lowered Liberty Global from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 17th. Evercore ISI reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Liberty Global in a report on Thursday, August 8th.
Shares of LBTYK traded down $0.02 during trading hours on Thursday, hitting $25.73. The stock had a trading volume of 3,618,000 shares, compared to its average volume of 2,838,747. The company has a debt-to-equity ratio of 6.85, a quick ratio of 0.36 and a current ratio of 0.36. Liberty Global has a 12 month low of $19.24 and a 12 month high of $28.77. The stock has a fifty day moving average price of $26.37 and a 200 day moving average price of $25.59.
About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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