Short Interest in Liberty Global Ltd (NASDAQ:LBTYB) Drops By 43.4%

Liberty Global Ltd (NASDAQ:LBTYB) saw a significant 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 days-to-cover ratio is currently 1.8 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Liberty Global Trading Down 4.4%

Liberty Global stock traded down $0.58 during trading on Thursday, reaching $12.62. 17,465 shares of the company were exchanged, compared to its average volume of 1,614. The stock’s 50 day simple moving average is $14.26 and its two-hundred day simple moving average is $13.12. The company has a market capitalization of $4.27 billion, a P/E ratio of -0.79 and a beta of 0.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. Liberty Global has a 52-week low of $9.79 and a 52-week high of $29.01.

Liberty Global (NASDAQ:LBTYB) last issued its earnings results 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. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion.

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.