Short Interest in Liberty Global Ltd. (NASDAQ:LBTYK) Decreases By 23.3%

Liberty Global Ltd. (NASDAQ:LBTYK - Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 6,220,000 shares, a decrease of 23.3% from the May 31st total of 8,110,000 shares. Currently, 3.7% of the company's shares are sold short. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Liberty Global from a "sell" rating to a "hold" rating in a research note on Monday, June 24th.

Liberty Global Stock Performance

Liberty Global stock traded down $0.20 during mid-day trading on Friday, reaching $17.85. 11,650,272 shares of the company's stock were exchanged, compared to its average volume of 3,076,970. The business's fifty day simple moving average is $17.41 and its 200 day simple moving average is $18.25. The firm has a market capitalization of $6.65 billion, a PE ratio of -2.76 and a beta of 1.13. Liberty Global has a one year low of $16.03 and a one year high of $21.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.80.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. The business had revenue of $1.95 billion during the quarter.

Insider Activity

In related news, Director J David Wargo sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the sale, the director now owns 159,632 shares of the company's stock, valued at $2,769,615.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.86% of the company's stock.

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently made changes to their positions in LBTYK. V Square Quantitative Management LLC grew its position in shares of Liberty Global by 64.4% in the fourth quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company's stock valued at $48,000 after purchasing an additional 999 shares in the last quarter. Bfsg LLC purchased a new position in shares of Liberty Global in the fourth quarter valued at $60,000. Headlands Technologies LLC grew its position in Liberty Global by 173.3% during the first quarter. Headlands Technologies LLC now owns 5,982 shares of the company's stock worth $106,000 after buying an additional 3,793 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Liberty Global by 217.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,350 shares of the company's stock worth $130,000 after buying an additional 5,037 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in Liberty Global during the first quarter worth about $198,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.