Liberty Global Ltd (NASDAQ:LBTYB) Sees Significant Drop in Short Interest

Liberty Global Ltd (NASDAQ:LBTYB) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,987 shares, a decline of 43.4% from the May 31st total of 3,510 shares. Based on an average trading volume of 1,135 shares, the short-interest ratio is presently 1.8 days. Currently, 0.0% of the shares of the company are sold short.

Liberty Global Price Performance

LBTYB stock traded up $0.20 during mid-day trading on Wednesday, reaching $13.20. 17,465 shares of the company’s stock were exchanged, compared to its average volume of 1,614. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50 day moving average is $14.26 and its 200 day moving average is $13.12. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -0.82 and a beta of 0.41. Liberty Global has a 12-month low of $9.79 and a 12-month high of $29.01.

Liberty Global (NASDAQ:LBTYB) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $1.31. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Liberty Global

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.