Liberty Media Corp Sees Large Increase in Short Interest (LMCA)
Shares of Liberty Media Corp (NASDAQ:LMCA) were the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,934,428 shares, a growth of 65.6% from the July 15th total of 1,168,371 shares, Analyst Ratings Net reports. Based on an average trading volume of 1,301,987 shares, the short-interest ratio is currently 1.5 days. Currently, 2.0% of the company’s shares are short sold.
A number of research firms have recently commented on LMCA. Analysts at Barclays cut their price target on shares of Liberty Media Corp from $59.00 to $57.00 in a research note on Wednesday. Separately, analysts at Wunderlich raised their price target on shares of Liberty Media Corp from $55.00 to $56.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at National Alliance Securities raised their price target on shares of Liberty Media Corp from $64.69 to $74.08 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $134.21.
Liberty Media Corp (NASDAQ:LMCA) opened at 46.75 on Thursday. Liberty Media Corp has a one year low of $42.7784 and a one year high of $55.6126. The stock’s 50-day moving average is $47.73 and its 200-day moving average is $46.1. The company has a market cap of $48.106 billion and a P/E ratio of 23.32.
Liberty Media Corporation, formerly Liberty Spinco, Inc, incorporated on August 10, 2012, focuses on the media, communications and entertainment industries through its ownership of interests in subsidiaries and other companies.
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