Short Interest in Liberty Live Group (NASDAQ:LLYVA) Drops By 17.2%

Liberty Live Group (NASDAQ:LLYVA) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 336,800 shares, a decline of 17.2% from the November 30th total of 406,700 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 166,800 shares, the short-interest ratio is presently 2.0 days.

Liberty Live Group Price Performance

LLYVA traded down $0.29 during mid-day trading on Tuesday, reaching $66.99. 22,795 shares of the company traded hands, compared to its average volume of 150,447. Liberty Live Group has a 52-week low of $32.54 and a 52-week high of $72.88. The company’s fifty day moving average price is $65.12 and its 200-day moving average price is $49.10.

Insider Activity at Liberty Live Group

In related news, CEO Gregory B. Maffei sold 35,463 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $71.53, for a total transaction of $2,536,668.39. Following the sale, the chief executive officer now directly owns 1,240,785 shares of the company’s stock, valued at $88,753,351.05. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Brian J. Wendling sold 1,094 shares of Liberty Live Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $69.57, for a total value of $76,109.58. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in Liberty Live Group in the third quarter worth about $77,000. Quantinno Capital Management LP purchased a new position in Liberty Live Group in the 3rd quarter worth approximately $222,000. XTX Topco Ltd boosted its stake in Liberty Live Group by 28.4% in the 2nd quarter. XTX Topco Ltd now owns 7,113 shares of the company’s stock worth $267,000 after purchasing an additional 1,574 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Liberty Live Group by 21.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,417 shares of the company’s stock valued at $466,000 after buying an additional 2,230 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Liberty Live Group during the second quarter valued at approximately $560,000. Institutional investors own 25.07% 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.