Liberty Media Corp. (LMCK) Sees Significant Drop in Short Interest
Liberty Media Corp. (NASDAQ:LMCK) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,857,817 shares, a decrease of 31.6% from the October 31st total of 2,716,846 shares. Based on an average daily volume of 565,813 shares, the short-interest ratio is currently 3.3 days. Currently, 3.7% of the shares of the stock are short sold.
Liberty Media Corp. (NASDAQ:LMCK) opened at 31.43 on Wednesday. Liberty Media Corp. has a one year low of $17.47 and a one year high of $33.15. The company has a 50 day moving average of $28.84 and a 200-day moving average of $23.44.
Separately, Zacks Investment Research raised shares of Liberty Media Corp. from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, October 21st.
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About Liberty Media Corp.
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.
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