Short Interest in LiveOne, Inc. (NASDAQ:LVO) Rises By 23.7%

LiveOne, Inc. (NASDAQ:LVO - Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,610,000 shares, a growth of 23.7% from the January 31st total of 2,110,000 shares. Based on an average daily trading volume, of 568,900 shares, the days-to-cover ratio is presently 4.6 days. Approximately 2.9% of the shares of the company are short sold.

LiveOne Stock Down 7.8 %

LVO stock traded down $0.06 during mid-day trading on Friday, reaching $0.73. The company had a trading volume of 276,935 shares, compared to its average volume of 581,949. The stock has a market capitalization of $70.16 million, a P/E ratio of -5.62 and a beta of 1.66. LiveOne has a one year low of $0.56 and a one year high of $2.15. The stock's 50-day simple moving average is $1.09 and its two-hundred day simple moving average is $1.07.

LiveOne (NASDAQ:LVO - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The company had revenue of $29.45 million during the quarter, compared to the consensus estimate of $32.69 million. On average, research analysts forecast that LiveOne will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveOne

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of LiveOne by 9.7% during the third 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 in the last quarter. Fleming James B JR bought a new stake in shares of LiveOne during the fourth quarter valued at about $2,699,000. State Street Corp raised 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 purchasing an additional 22,848 shares in the last quarter. Northern Trust Corp raised its stake in shares of LiveOne by 4.6% during the fourth quarter. Northern Trust Corp now owns 637,675 shares of the company's stock valued at $937,000 after purchasing an additional 27,890 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 in the last quarter. 21.25% of the stock is currently owned by institutional investors.

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About LiveOne

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.