Short Interest in Liberty Latin America Ltd. (NASDAQ:LILAK) Decreases By 22.8%

Liberty Latin America Ltd. (NASDAQ:LILAK) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,010,000 shares, a drop of 22.8% from the October 31st total of 3,900,000 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 727,600 shares, the days-to-cover ratio is currently 4.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LILAK. StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Scotiabank lowered their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Pivotal Research decreased their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $10.50 price target (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LILAK. Vanguard Group Inc. grew its holdings in Liberty Latin America by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after acquiring an additional 197,988 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Liberty Latin America during the 3rd quarter worth approximately $1,041,000. XTX Topco Ltd acquired a new position in shares of Liberty Latin America in the 2nd quarter worth approximately $593,000. Algert Global LLC bought a new stake in shares of Liberty Latin America in the 2nd quarter valued at approximately $126,000. Finally, nVerses Capital LLC acquired a new stake in shares of Liberty Latin America during the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Latin America Price Performance

Shares of LILAK stock opened at $7.01 on Friday. The company’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $9.13. The firm has a market capitalization of $1.38 billion, a P/E ratio of -2.39 and a beta of 1.12. Liberty Latin America has a 12 month low of $5.95 and a 12 month high of $10.93.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.