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

Liberty Live Group (NASDAQ:LLYVK) saw a large 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 currently 4.4 days. Currently, 2.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. ValueAct Holdings L.P. lifted its stake in shares of Liberty Live Group by 136.9% in the fourth quarter. ValueAct Holdings L.P. now owns 3,168,788 shares of the company’s stock valued at $215,668,000 after buying an additional 1,831,288 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Liberty Live Group by 25.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,968,861 shares of the company’s stock valued at $474,301,000 after purchasing an additional 1,427,968 shares during the period. Finepoint Capital LP acquired a new position in shares of Liberty Live Group in the fourth quarter valued at $55,319,000. Norges Bank bought a new position in Liberty Live Group in the fourth quarter worth $49,458,000. Finally, JNE Partners LLP boosted its stake in Liberty Live Group by 28.5% during the fourth quarter. JNE Partners LLP now owns 1,300,890 shares of the company’s stock worth $88,539,000 after buying an additional 288,390 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

Liberty Live Group Stock Down 3.1 %

LLYVK stock traded down $2.16 during midday trading on Friday, hitting $66.90. 744,108 shares of the company traded hands, compared to its average volume of 342,085. Liberty Live Group has a twelve month low of $33.50 and a twelve month high of $81.66. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of -196.76 and a beta of 1.55. The business has a 50 day simple moving average of $72.26 and a 200-day simple moving average of $65.44.

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.