Live Nation Entertainment June 15th Short Interest Update

Live Nation Entertainment (NYSE:LYV), A drop of 314,978 shares or 3.7% was seen in the short interest of Live Nation Entertainment Inc. Even as the interest dropped from 8,499,510 shares on May 31,2016 to 8,184,532 shares on June 15,2016, the days to cover came in at 8. The updated interest stood at 6.2% of the stocks floats. The stock has seen an average daily volume of 1,012,572 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Live Nation Entertainment (NYSE:LYV): The stock opened at $22.92 on Friday but the bulls could not build on the opening and the stock topped out at $23.61 for the day. The stock traded down to $22.80 during the day, due to lack of any buying support eventually closed down at $23.15 with a loss of -3.66% for the day. The stock had closed at $24.03 on the previous day. The total traded volume was 3,028,539 shares.

The company shares have dropped -16.06% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $29.68 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.55 and the 200 Day Moving Average price is recorded at $22.65.

Live Nation Entertainment (NYSE:LYV) has tumbled 0.52% during the past week and has dropped 4.18% in the last 4 week period. The company has outperformed the S&P 500 by 1.14% in the past week but underperformed the index by 1.28% in the last 4 weeks.

Live Nation Entertainment, Inc. (Live Nation) is a live entertainment company. The Company core businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. The Company operates through four segments: segments are Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. It connects around 519 million fans across its platforms in 33 countries. The Company is a producer of live music concerts around the world that connects nearly 59 million fans to almost 23,000 events for over 2,700 artists. The Concerts segment is involved in the global promotion of live music events. The Ticketing segment is primarily an agency business that sells tickets for events. The Artist Nation segment is a provider of management services to music artists. The Sponsorship & Advertising segment, through a sales force, creates and maintains relationships with sponsors to allow businesses to reach customers.

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