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

LiveOne, Inc. (NASDAQ:LVO - Get Free Report) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 2,030,000 shares, a drop of 24.5% from the November 15th total of 2,690,000 shares. Currently, 2.2% of the company's stock are short sold. Based on an average trading volume of 624,200 shares, the days-to-cover ratio is presently 3.3 days.

Hedge Funds Weigh In On LiveOne

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of LiveOne by 3.4% in the first quarter. Vanguard Group Inc. now owns 2,871,646 shares of the company's stock valued at $5,600,000 after purchasing an additional 95,047 shares during the period. Geode Capital Management LLC raised its stake in LiveOne by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,854,372 shares of the company's stock valued at $1,760,000 after purchasing an additional 164,361 shares during the last quarter. State Street Corp lifted its stake in shares of LiveOne by 2.9% during the third quarter. State Street Corp now owns 797,573 shares of the company's stock valued at $757,000 after buying an additional 22,848 shares during the period. Renaissance Technologies LLC lifted its stake in shares of LiveOne by 18.6% during the 2nd quarter. Renaissance Technologies LLC now owns 423,500 shares of the company's stock worth $665,000 after purchasing an additional 66,300 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of LiveOne by 134.3% in the third quarter. Exchange Traded Concepts LLC now owns 358,974 shares of the company's stock worth $341,000 after acquiring an additional 205,786 shares during the last quarter. Hedge funds and other institutional investors own 21.25% of the company's stock.

Analyst Ratings Changes

Separately, Alliance Global Partners lowered their price objective on LiveOne from $3.50 to $1.50 and set a "buy" rating for the company in a research report on Wednesday, October 2nd.

LiveOne Trading Down 2.4 %

Shares of NASDAQ LVO traded down $0.03 during midday trading on Friday, reaching $1.03. 217,111 shares of the company were exchanged, compared to its average volume of 415,391. LiveOne has a 1 year low of $0.56 and a 1 year high of $2.15. The stock has a fifty day simple moving average of $0.81 and a 200 day simple moving average of $1.28. The stock has a market cap of $98.06 million, a P/E ratio of -10.50 and a beta of 1.67.

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.