Liberty Global Ltd. (NASDAQ:LBTYK) Sees Significant Decrease in Short Interest

Liberty Global Ltd. (NASDAQ:LBTYK) was the target of a significant 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 currently 2.6 days. Currently, 2.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently modified their holdings of LBTYK. Deseret Mutual Benefit Administrators raised its position in Liberty Global by 41.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after purchasing an additional 754 shares during the period. US Bancorp DE grew its stake in shares of Liberty Global by 124.9% during the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock valued at $47,000 after buying an additional 1,200 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Liberty Global in the second quarter worth approximately $71,000. Point72 Asset Management L.P. bought a new stake in shares of Liberty Global during the 2nd quarter worth approximately $109,000. Finally, CWM LLC boosted its holdings in Liberty Global by 1,159.4% during the 3rd quarter. CWM LLC now owns 6,272 shares of the company’s stock valued at $136,000 after acquiring an additional 5,774 shares during the period. Institutional investors own 46.10% of the company’s stock.

Liberty Global Price Performance

Liberty Global stock opened at $14.62 on Friday. Liberty Global has a 52-week low of $11.25 and a 52-week high of $22.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average is $19.10 and its 200 day moving average is $18.92. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -1.44 and a beta of 1.14.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Global in a research note on Thursday, November 14th. They set a “hold” rating on the stock.

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.