Short Interest Update on Live Nation Entertainment (LYV)

Live Nation Entertainment (LYV) has 4,848,894 shares of shorts outstanding as on August 15, 2016, with 5 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 5,570,372 shares. The stock has a decent trading volume of 891,692 shares daily. The marginal decrease in the short positions is by -13%, which amounts to -721,478 shares. Short positions are 3.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Live Nation Entertainment (NYSE:LYV): The stock opened at $26.97 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.98 for the day. The stock traded down to $26.68 during the day, due to lack of any buying support eventually closed down at $26.72 with a loss of -0.93% for the day. The stock had closed at $26.97 on the previous day. The total traded volume was 464,352 shares.


In a related news, The director, of Live Nation Entertainment, Inc., Enloe Robert Ted Iii had unloaded 5,363 shares at $23.54 per share in a transaction on June 13, 2016. The total value of transaction was $126,245. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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