Short Interest in Liberty Global Ltd. (NASDAQ:LBTYK) Decreases By 15.6%

Liberty Global Ltd. (NASDAQ:LBTYK) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,720,000 shares, a decrease of 15.6% from the October 31st total of 4,410,000 shares. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Global in a research report on Thursday, November 14th. They issued a “hold” rating on the stock.

Liberty Global Stock Performance

Shares of LBTYK opened at $14.62 on Friday. The stock has a 50-day simple moving average of $19.10 and a 200-day simple moving average of $18.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global has a 1 year low of $11.25 and a 1 year high of $22.14. The stock has a market capitalization of $5.23 billion, a PE ratio of -1.44 and a beta of 1.14.

Institutional Trading of Liberty Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE raised its holdings in Liberty Global by 124.9% during the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after purchasing an additional 1,200 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Liberty Global by 41.4% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock valued at $46,000 after acquiring an additional 754 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Liberty Global during the second quarter worth about $71,000. Point72 Asset Management L.P. acquired a new stake in shares of Liberty Global during the second quarter worth about $109,000. Finally, CWM LLC increased its position in shares of Liberty Global by 1,159.4% during the third quarter. CWM LLC now owns 6,272 shares of the company’s stock worth $136,000 after purchasing an additional 5,774 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.