Short Interest in Liberty Latin America Ltd (NASDAQ:LILAK) Increases By 8.8%
Liberty Latin America Ltd (NASDAQ:LILAK) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,200,000 shares, an increase of 8.8% from the July 31st total of 4,780,000 shares. Currently, 4.7% of the company’s shares are short sold. Based on an average daily trading volume, of 849,900 shares, the days-to-cover ratio is currently 6.1 days.
Large investors have recently modified their holdings of the business. Financial Gravity Wealth Inc. lifted its stake in Liberty Latin America by 302.9% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,647 shares of the company’s stock valued at $46,000 after acquiring an additional 1,990 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Liberty Latin America during the 2nd quarter worth $177,000. Atria Investments LLC bought a new stake in shares of Liberty Latin America during the 2nd quarter worth $320,000. HighTower Advisors LLC bought a new stake in shares of Liberty Latin America during the 2nd quarter worth $225,000. Finally, Balyasny Asset Management LLC bought a new stake in shares of Liberty Latin America during the 2nd quarter worth $317,000. Institutional investors and hedge funds own 60.65% of the company’s stock.
A number of equities analysts recently issued reports on the company. TheStreet cut Liberty Latin America from a “c” rating to a “d+” rating in a report on Tuesday, August 6th. BidaskClub upgraded Liberty Latin America from a “sell” rating to a “hold” rating in a report on Thursday.
Liberty Latin America Company Profile
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.
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