Liftoff Mobile, Inc. (NASDAQ:LFTO) Short Interest Update

Liftoff Mobile, Inc. (NASDAQ:LFTO) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 662,794 shares, a decrease of 60.2% from the June 30th total of 1,665,432 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 833,382 shares, the short-interest ratio is presently 0.8 days.

Liftoff Mobile Price Performance

LFTO traded down $0.60 on Tuesday, reaching $22.21. 307,329 shares of the company’s stock were exchanged, compared to its average volume of 876,477. Liftoff Mobile has a twelve month low of $21.50 and a twelve month high of $30.10.

Insider Buying and Selling

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of Liftoff Mobile stock in a transaction on Friday, June 5th. The shares were bought at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the purchase, the director directly owned 25,315,646 shares in the company, valued at $582,259,858. This trade represents a 5.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

A number of analysts have issued reports on LFTO shares. BTIG Research initiated coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $35.00 price target on the stock. Barclays initiated coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set an “overweight” rating and a $34.00 price objective for the company. Weiss Ratings initiated coverage on shares of Liftoff Mobile in a report on Thursday, June 4th. They set a “sell (e)” rating on the stock. Wall Street Zen raised shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Finally, UBS Group started coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $38.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.46.