Liberty Global plc – Class C Short Interest Up 11.3% in May (LBTYK)
Liberty Global plc – Class C (NASDAQ:LBTYK) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 36,452,201 shares, a growth of 11.3% from the April 30th total of 32,748,143 shares, StockRatingsNetwork.com reports. Approximately 6.7% of the shares of the stock are sold short. Based on an average daily volume of 4,242,667 shares, the short-interest ratio is presently 8.6 days.
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, The stock has a consensus rating of “Buy” and an average price target of $55.00.
Shares of Liberty Global plc – Class C (NASDAQ:LBTYK) opened at 43.03 on Friday. Liberty Global plc – Class C has a 52-week low of $32.21 and a 52-week high of $43.83. The stock has a 50-day moving average of $40.36 and a 200-day moving average of $40.55. The company’s market cap is $33.820 billion.
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