Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Sees Large Growth in Short Interest

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 1 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 52 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Liberty Media Corporation – Liberty Formula One Series B Price Performance

Shares of OTCMKTS:FWONB remained flat at $82.00 on Wednesday. The stock had a trading volume of 3 shares, compared to its average volume of 12. Liberty Media Corporation – Liberty Formula One Series B has a 12 month low of $73.00 and a 12 month high of $96.00. The firm has a market capitalization of $20.54 billion, a P/E ratio of 37.61 and a beta of 0.35. The company’s 50 day moving average price is $79.81 and its 200-day moving average price is $82.20.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter.

About Liberty Media Corporation – Liberty Formula One Series B

Liberty Media Corporation’s Liberty Formula One Series B (OTCMKTS: FWONB) is a tracking stock that represents Liberty Media’s economic interest in its Formula One business. The Formula One Group controls the commercial rights to the FIA Formula One World Championship, packaging and selling global media rights, sponsorships, event-hosting agreements, licensing and hospitality to maximize revenue from the sport. The tracking stock structure allows investors to gain exposure specifically to Liberty’s Formula 1 assets and cash flows while remaining part of the broader Liberty Media corporate structure.

Formula 1 is a global motorsport and entertainment property that stages a world championship calendar of races across Europe, the Americas, Asia and the Middle East.