LiveOne, Inc. (NASDAQ:LVO) Short Interest Update

Key Points

• LiveOne, Inc. experienced a significant decline in short interest, dropping from 1,870,000 shares to 222,500 shares in September, a decrease of 88.1%.
• Institutional investors increased their stakes in LiveOne, with notable acquisitions including Bank of America Corp DE, which boosted its holdings by 95.7% during the second quarter.
• Analysts have mixed views on LiveOne, with a consensus rating of "Hold" and an average price target of $13.00, as several firms lowered their ratings recently.

LiveOne, Inc. (NASDAQ:LVO - Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 222,500 shares, a drop of 88.1% from the September 15th total of 1,870,000 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily volume of 87,000 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 87,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.5% of the shares of the stock are short sold.

Institutional Trading of LiveOne

A number of institutional investors have recently bought and sold shares of LVO. Catalyst Funds Management Pty Ltd acquired a new stake in LiveOne during the second quarter valued at $25,000. Apollon Wealth Management LLC acquired a new stake in LiveOne during the second quarter valued at $27,000. Bank of America Corp DE boosted its position in LiveOne by 95.7% during the second quarter. Bank of America Corp DE now owns 65,945 shares of the company's stock valued at $50,000 after purchasing an additional 32,248 shares during the last quarter. Nuveen LLC acquired a new stake in LiveOne during the first quarter valued at $63,000. Finally, XTX Topco Ltd boosted its position in LiveOne by 63.3% during the first quarter. XTX Topco Ltd now owns 98,207 shares of the company's stock valued at $69,000 after purchasing an additional 38,056 shares during the last quarter. Institutional investors and hedge funds own 21.25% of the company's stock.

Analyst Ratings Changes

LVO has been the subject of a number of research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LiveOne in a research note on Wednesday, October 8th. Wall Street Zen lowered LiveOne from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Finally, Roth Capital reduced their price objective on LiveOne from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, September 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, LiveOne presently has a consensus rating of "Hold" and an average price target of $13.00.

LiveOne Stock Down 5.0%

Shares of LiveOne stock traded down $0.24 during midday trading on Thursday, hitting $4.60. The company's stock had a trading volume of 71,198 shares, compared to its average volume of 65,626. The firm has a market capitalization of $53.04 million, a P/E ratio of -2.30 and a beta of 1.74. The stock has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $6.62. LiveOne has a 1-year low of $3.92 and a 1-year high of $16.00.

LiveOne (NASDAQ:LVO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.10. The business had revenue of $19.21 million during the quarter, compared to analyst estimates of $24.30 million. As a group, sell-side analysts predict that LiveOne will post -0.1 earnings per share for the current year.

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.

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