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

LiveOne, Inc. (NASDAQ:LVO) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,160,000 shares, anincreaseof62.6% from the July 31st total of 713,300 shares. Approximately1.4% of the company’s shares are short sold. Based on an average trading volume of 710,800 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 710,800 shares, the short-interest ratio is currently 1.6 days. Approximately1.4% of the company’s shares are short sold.

Institutional Investors Weigh In On LiveOne

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of LiveOne by 4.6% in the 4th 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. Wells Fargo & Company MN raised its holdings in shares of LiveOne by 55.5% during the 4th quarter. Wells Fargo & Company MN now owns 38,201 shares of the company’s stock valued at $56,000 after buying an additional 13,629 shares in the last quarter. Mariner LLC bought a new position in LiveOne in the 4th quarter worth $62,000. XTX Topco Ltd boosted its stake in LiveOne by 63.3% during the 1st 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. Finally, Price T Rowe Associates Inc. MD lifted its position in LiveOne by 63.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,954 shares of the company’s stock valued at $53,000 after purchasing an additional 13,900 shares in the last quarter. 21.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded LiveOne from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $1.50.

LiveOne Stock Up 0.3%

LVO stock traded up $0.00 during trading on Monday, hitting $0.45. 319,755 shares of the company’s stock traded hands, compared to its average volume of 568,782. The stock has a fifty day moving average price of $0.67 and a two-hundred day moving average price of $0.72. The stock has a market capitalization of $51.36 million, a price-to-earnings ratio of -2.22 and a beta of 1.78. LiveOne has a 52 week low of $0.43 and a 52 week high of $1.60.

LiveOne (NASDAQ:LVO) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $19.21 million for the quarter, compared to analysts’ expectations of $24.30 million. As a group, equities research analysts expect that LiveOne will post -0.1 EPS for the current fiscal year.

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.