Liberty Media Corporation (LMCK) : Traders are negative on Liberty Media Corporation (LMCK), as it has 7.2% of short positions outstanding compared to its float. The total shorts have reduced by -158,611 shares, which is a -4.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,3,750,421 to 3,591,810 shares. While the daily trading volume of the stock is 308,675, there are 12 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Liberty Media Corporation (NASDAQ:LMCK): The stock opened at $21.53 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.64 for the day. The stock traded down to $21.20 during the day, due to lack of any buying support eventually closed down at $21.29 with a loss of -1.30% for the day. The stock had closed at $21.57 on the previous day. The total traded volume was 182,856 shares.
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.