Liberty Braves Group Series A (NASDAQ:BATRA) Sees Significant Increase in Short Interest

Liberty Braves Group Series A (NASDAQ:BATRA) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 384,100 shares, an increase of 9.8% from the June 30th total of 349,900 shares. Based on an average daily trading volume, of 32,400 shares, the days-to-cover ratio is currently 11.9 days. Currently, 3.9% of the company’s shares are sold short.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BATRA. Norges Bank purchased a new stake in Liberty Braves Group Series A during the fourth quarter worth approximately $14,192,000. Atria Investments LLC purchased a new stake in Liberty Braves Group Series A during the second quarter worth approximately $2,933,000. Gamco Investors INC. ET AL grew its stake in Liberty Braves Group Series A by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 1,454,307 shares of the financial services provider’s stock worth $40,633,000 after buying an additional 74,106 shares during the period. Invesco Ltd. purchased a new stake in Liberty Braves Group Series A during the second quarter worth approximately $800,000. Finally, RB Capital Management LLC purchased a new stake in Liberty Braves Group Series A during the first quarter worth approximately $319,000. Institutional investors own 72.33% of the company’s stock.

BATRA traded up $0.09 during trading on Thursday, hitting $27.63. 796 shares of the company’s stock were exchanged, compared to its average volume of 42,581. Liberty Braves Group Series A has a 1 year low of $23.54 and a 1 year high of $29.66. The stock’s 50 day moving average is $28.22.



About Liberty Braves Group Series A

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, stadium, and mixed use development project. The company is based in Englewood, Colorado. The Liberty Braves Group is a subsidiary of Liberty Media Corporation.

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