Could Liberty Media Corporation – Series C Liberty Formu (NASDAQ:FWONK) Change Direction After More Shorts?

June 18, 2018 - By Adrian Mccoy

The stock of Liberty Media Corporation – Series C Liberty Formu (NASDAQ:FWONK) registered an increase of 8.46% in short interest. FWONK’s total short interest was 25.16M shares in June as published by FINRA. Its up 8.46% from 23.19M shares, reported previously. With 1.08M shares average volume, it will take short sellers 23 days to cover their FWONK’s short positions. The short interest to Liberty Media Corporation – Series C Liberty Formu’s float is 13.87%.

The stock decreased 2.37% or $0.82 during the last trading session, reaching $33.76. About 1.03M shares traded. Formula One Group (NASDAQ:FWONK) has declined 2.44% since June 18, 2017 and is downtrending. It has underperformed by 15.01% the S&P500.

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. The company has market cap of $7.75 billion. Formula One Group was formerly known as The Liberty Media Group. It has a 23.33 P/E ratio. The firm is based in Englewood, Colorado.

Formula One Group (NASDAQ:FWONK) Ratings Chart

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