LiveOne, Inc. (NASDAQ:LVO) Sees Significant Increase in Short Interest

LiveOne, Inc. (NASDAQ:LVO - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,560,000 shares, an increase of 19.1% from the April 30th total of 2,990,000 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average trading volume of 343,600 shares, the days-to-cover ratio is currently 10.4 days.

Institutional Trading of LiveOne

A number of large investors have recently bought and sold shares of LVO. Bank of New York Mellon Corp grew its stake in shares of LiveOne by 6.8% during the 4th quarter. Bank of New York Mellon Corp now owns 163,787 shares of the company's stock worth $241,000 after acquiring an additional 10,425 shares in the last quarter. Fleming James B JR bought a new stake in LiveOne during the fourth quarter worth about $2,699,000. JPMorgan Chase & Co. boosted its position in LiveOne by 678.0% during the fourth quarter. JPMorgan Chase & Co. now owns 255,066 shares of the company's stock valued at $375,000 after purchasing an additional 222,282 shares during the last quarter. Wells Fargo & Company MN boosted its position in LiveOne by 55.5% during the fourth quarter. Wells Fargo & Company MN now owns 38,201 shares of the company's stock valued at $56,000 after purchasing an additional 13,629 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in LiveOne in the fourth quarter valued at approximately $83,000. 21.25% of the stock is owned by institutional investors.

LiveOne Stock Performance

Shares of NASDAQ LVO traded up $0.02 during midday trading on Friday, reaching $0.86. 298,164 shares of the company traded hands, compared to its average volume of 498,408. The firm has a market cap of $83.02 million, a PE ratio of -6.65 and a beta of 1.64. The stock's 50-day simple moving average is $0.72 and its 200-day simple moving average is $0.92. LiveOne has a 12 month low of $0.55 and a 12 month high of $1.89.

LiveOne Company Profile

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.