Liberty Media Corporation June 15th Short Interest Update

The short interest in Liberty Media Corporation (NASDAQ:LMCA) has declined from 629,386 on May 31,2016 to 510,701 on June 15,2016. The change was measured at 118,685 shares or 18.9%. The leftover shorts were 2.1% of the floated shares. The days to cover are 1, given the average daily volume of 381,242 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Liberty Media Corporation (NASDAQ:LMCA): The stock opened at $17.83 on Friday but the bulls could not build on the opening and the stock topped out at $18.59 for the day. The stock traded down to $17.75 during the day, due to lack of any buying support eventually closed down at $18.30 with a loss of -1.45% for the day. The stock had closed at $18.57 on the previous day. The total traded volume was 3,024,034 shares.

The company shares have dropped -27.89% from its 1 Year high price. On Nov 12, 2015, the shares registered one year high at $29.65 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $19.10 and the 200 Day Moving Average price is recorded at $23.48.

Liberty Media Corporation (NASDAQ:LMCA) has tumbled 0.44% during the past week and has dropped 7.72% in the last 4 week period. The company has outperformed the S&P 500 by 1.22% in the past week but underperformed the index by 4.92% in the last 4 weeks.

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 Companys 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. Atlanta National League Baseball Club, Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five league baseball clubs. Live Nation Entertainment, Inc. (Live Nation) has four business segments: Concerts, Ticketing, Artist Nation and Sponsorship & Advertising.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.