Lions Gate Entertainment Corp. (NYSE:LGF.B) Sees Significant Increase in Short Interest
Lions Gate Entertainment Corp. (NYSE:LGF.B) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,340,000 shares, an increase of 11.7% from the June 30th total of 1,200,000 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 782,500 shares, the short-interest ratio is presently 1.7 days.
NYSE:LGF.B remained flat at $$7.11 during trading hours on Friday. 415,245 shares of the company were exchanged, compared to its average volume of 684,293. The firm’s 50-day moving average price is $7.09 and its 200-day moving average price is $7.50. Lions Gate Entertainment has a one year low of $3.87 and a one year high of $12.56. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -8.27 and a beta of 1.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.87 and a quick ratio of 0.87.
Lions Gate Entertainment (NYSE:LGF.B) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.18 earnings per share (EPS) for the quarter. Lions Gate Entertainment had a negative net margin of 4.84% and a positive return on equity of 3.12%. The firm had revenue of $944.30 million for the quarter.
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. The company operates through three segments: Motion Pictures, Television Production, and Media Networks.
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