Short Interest in Liberty Global PLC (LBTYK) Expands By 57.9%

Liberty Global PLC (NASDAQ:LBTYK) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 9,460,344 shares, an increase of 57.9% from the June 15th total of 5,989,763 shares. Based on an average daily trading volume, of 4,315,341 shares, the short-interest ratio is currently 2.2 days. Approximately 1.5% of the company’s stock are sold short.

Large investors have recently modified their holdings of the stock. Boston Private Wealth LLC bought a new stake in shares of Liberty Global PLC during the second quarter worth about $7,247,000. Marshall Wace LLP bought a new stake in shares of Liberty Global PLC during the second quarter worth about $17,066,000. BB&T Securities LLC raised its stake in shares of Liberty Global PLC by 6.3% in the second quarter. BB&T Securities LLC now owns 156,985 shares of the company’s stock worth $4,894,000 after buying an additional 9,322 shares during the period. Ballentine Partners LLC bought a new stake in shares of Liberty Global PLC during the second quarter worth about $201,000. Finally, Gabelli Funds LLC raised its stake in shares of Liberty Global PLC by 0.9% in the second quarter. Gabelli Funds LLC now owns 3,752,313 shares of the company’s stock worth $116,997,000 after buying an additional 33,012 shares during the period. Institutional investors and hedge funds own 59.89% of the company’s stock.

Liberty Global PLC (NASDAQ LBTYK) traded up 0.30% during mid-day trading on Friday, hitting $33.25. The stock had a trading volume of 2,212,422 shares. The company has a 50 day moving average price of $30.56 and a 200 day moving average price of $32.68. The stock has a market cap of $34.23 billion, a P/E ratio of 19.99 and a beta of 1.59. Liberty Global PLC has a one year low of $27.36 and a one year high of $37.00.

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