Liberty Global plc – Class C Sees Large Growth in Short Interest (LBTYK)
Liberty Global plc – Class C (NASDAQ:LBTYK) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 32,748,143 shares, an increase of 16.4% from the April 15th total of 28,134,980 shares, Stock Ratings News reports. Based on an average daily trading volume, of 2,848,004 shares, the days-to-cover ratio is currently 11.5 days. Approximately 6.1% of the company’s shares are sold short.
LBTYK has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Liberty Global plc – Class C in a research note on Thursday, April 10th. Separately, analysts at Nomura cut their price target on shares of Liberty Global plc – Class C from $67.00 to $60.00 in a research note on Thursday, April 3rd. Finally, analysts at Wunderlich raised their price target on shares of Liberty Global plc – Class C from $48.00 to $55.00 in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a buy rating, Liberty Global plc – Class C presently has a consensus rating of “Buy” and a consensus target price of $55.00.
Liberty Global plc – Class C (NASDAQ:LBTYK) opened at 41.82 on Wednesday. Liberty Global plc – Class C has a 1-year low of $32.21 and a 1-year high of $43.545. The stock’s 50-day moving average is $39.42 and its 200-day moving average is $40.16. The company’s market cap is $32.869 billion.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.