Liberty Live Group (NASDAQ:LLYVK) Short Interest Update

Liberty Live Group (NASDAQ:LLYVK) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,580,000 shares, an increase of 58.0% from the February 28th total of 1,000,000 shares. Based on an average trading volume of 360,400 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.8% of the company’s stock are short sold.

Hedge Funds Weigh In On Liberty Live Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LLYVK. Pilgrim Partners Asia Pte Ltd acquired a new stake in Liberty Live Group during the 4th quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. raised its position in Liberty Live Group by 1,000.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 583 shares of the company’s stock valued at $30,000 after acquiring an additional 530 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Live Group during the 4th quarter worth approximately $37,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Liberty Live Group in the 4th quarter valued at $44,000. Finally, Franklin Resources Inc. boosted its holdings in Liberty Live Group by 900.0% during the third quarter. Franklin Resources Inc. now owns 1,020 shares of the company’s stock worth $56,000 after buying an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Liberty Live Group Price Performance

Liberty Live Group stock traded up $1.24 during mid-day trading on Monday, reaching $68.14. 1,598,962 shares of the company traded hands, compared to its average volume of 347,093. Liberty Live Group has a fifty-two week low of $33.50 and a fifty-two week high of $81.66. The firm’s fifty day moving average is $72.26 and its two-hundred day moving average is $65.44. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of -200.41 and a beta of 1.55.

About Liberty Live Group

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.