Liberty Sirius XM Group Series B (NASDAQ:LSXMB) Sees Significant Drop in Short Interest

Liberty Sirius XM Group Series B (NASDAQ:LSXMB) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 4,400 shares, a decline of 15.4% from the August 31st total of 5,200 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average trading volume of 300 shares, the short-interest ratio is presently 14.7 days.

Shares of LSXMB stock remained flat at $$34.25 on Thursday. The stock had a trading volume of 88 shares, compared to its average volume of 934. The firm has a market capitalization of $11.77 billion, a PE ratio of 30.31 and a beta of 1.26. The stock’s 50 day simple moving average is $36.38 and its 200-day simple moving average is $35.00. Liberty Sirius XM Group Series B has a one year low of $24.49 and a one year high of $50.89.

Liberty Sirius XM Group Series B (NASDAQ:LSXMB) last released its quarterly earnings data on Monday, August 10th. The technology company reported ($0.27) EPS for the quarter. The company had revenue of $1.87 billion for the quarter.

A hedge fund recently raised its stake in Liberty Sirius XM Group Series B stock. UBS Group AG boosted its holdings in Liberty Sirius XM Group Series B (NASDAQ:LSXMB) by 132.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,895 shares of the technology company’s stock after purchasing an additional 1,079 shares during the period. UBS Group AG’s holdings in Liberty Sirius XM Group Series B were worth $59,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Liberty Sirius XM Group Series B Company Profile

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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