Liftoff Mobile, Inc. (NASDAQ:LFTO) Short Interest Update

Liftoff Mobile, Inc. (NASDAQ:LFTO) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,035,642 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 1,968,245 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the shares of the company are short sold.

Insiders Place Their Bets

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $29,999,981.00. Following the purchase, the director directly owned 25,315,646 shares in the company, valued at $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Liftoff Mobile Stock Performance

Shares of LFTO opened at $24.46 on Friday. Liftoff Mobile has a 12-month low of $23.08 and a 12-month high of $30.10.

Analyst Ratings Changes

LFTO has been the subject of a number of research analyst reports. Barclays assumed coverage on Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $34.00 price target for the company. Zacks Research upgraded shares of Liftoff Mobile to a “hold” rating in a research note on Tuesday. UBS Group started coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $38.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Liftoff Mobile in a research note on Monday. They set a “buy” rating and a $40.00 target price for the company. Finally, Royal Bank Of Canada started coverage on shares of Liftoff Mobile in a report on Monday. They issued an “outperform” rating and a $35.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.17.