Liberty Global plc – Class C Short Interest Up 5.9% in June (LBTYK)
Liberty Global plc – Class C (NASDAQ:LBTYK) was the target of a large growth in short interest in June. As of June 13th, there was short interest totalling 40,968,262 shares, a growth of 5.9% from the May 30th total of 38,694,214 shares, Analyst Ratings.Net reports. Based on an average daily volume of 3,460,125 shares, the short-interest ratio is presently 11.8 days. Approximately 7.6% of the company’s shares are short sold.
A number of analysts have recently weighed in on LBTYK shares. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Liberty Global plc – Class C in a research note on Thursday, April 10th. 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. Two research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $55.00.
Shares of Liberty Global plc – Class C (NASDAQ:LBTYK) opened at 42.20 on Monday. Liberty Global plc – Class C has a 52-week low of $33.97 and a 52-week high of $43.83. The stock has a 50-day moving average of $42.2 and a 200-day moving average of $41.0. The company’s market cap is $33.168 billion.