Liberty Live Group (NASDAQ:LLYVK) Sees Significant Growth in Short Interest

Liberty Live Group (NASDAQ:LLYVK) saw a large increase in short interest in the month of 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 daily volume of 360,400 shares, the short-interest ratio is presently 4.4 days. Currently, 2.8% of the shares of the stock are sold short.

Liberty Live Group Stock Down 3.1 %

NASDAQ:LLYVK traded down $2.16 during trading hours on Friday, reaching $66.90. The company had a trading volume of 744,108 shares, compared to its average volume of 342,085. The stock has a 50-day moving average of $72.26 and a two-hundred day moving average of $65.44. Liberty Live Group has a one year low of $33.50 and a one year high of $81.66. The firm has a market capitalization of $6.14 billion, a PE ratio of -196.76 and a beta of 1.55.

Institutional Investors Weigh In On Liberty Live Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Walleye Capital LLC acquired a new position in shares of Liberty Live Group in the 3rd quarter worth approximately $976,000. Geode Capital Management LLC boosted its stake in Liberty Live Group by 1.6% in the third quarter. Geode Capital Management LLC now owns 800,045 shares of the company’s stock worth $41,078,000 after purchasing an additional 12,224 shares in the last quarter. KBC Group NV grew its holdings in shares of Liberty Live Group by 25.7% during the fourth quarter. KBC Group NV now owns 2,727 shares of the company’s stock worth $186,000 after purchasing an additional 557 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Liberty Live Group by 61.8% in the fourth quarter. Bank of New York Mellon Corp now owns 224,606 shares of the company’s stock valued at $15,287,000 after buying an additional 85,763 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Liberty Live Group in the third quarter valued at about $408,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Liberty Live Group Company Profile

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.