Short Interest Update on Lions Gate Entertainment Corporation (LGF)

Lions Gate Entertainment Corporation (LGF) : 6 days before expiry, shorts in Lions Gate Entertainment Corporation (LGF) have reduced from 23,347,773 on Jul 29, 2016, to 22,485,807 on August 15, 2016. On an average, 3,717,627 shares are traded on the exchange. The outstanding bearish positions are equal to 17.6% of the float. Short sellers have covered -861,966 shares, a reduction of -3.7%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Lions Gate Entertainment Corporation (NYSE:LGF): The stock opened at $21.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.78 for the day. The stock traded down to $20.94 during the day, due to lack of any buying support eventually closed down at $21.04 with a loss of -2.32% for the day. The stock had closed at $21.54 on the previous day. The total traded volume was 1,414,853 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Lions Gate Entertainment Corp /Cn/, Crawford Gordon, had purchased 50,000 shares in a transaction dated on August 9, 2016. The transaction was executed at $21.7 per share with total amount equaling $1,085,000.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Companys Motion Pictures segment consists of the development and production of feature films, acquisition of North American and global distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and global licensing of distribution rights to feature films produced and acquired. The Companys Television Production segment consists of the development, production and global distribution of television productions, including television series, television movies and mini-series and non-fiction programming.

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