Belive Holdings (NASDAQ:BLIV) Short Interest Up 120.1% in May

Belive Holdings (NASDAQ:BLIV) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 2,161 shares, an increase of 120.1% from the May 14th total of 982 shares. Based on an average daily volume of 1,671 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Belive

An institutional investor recently bought a new position in Belive stock. Marex Group plc purchased a new position in Belive Holdings (NASDAQ:BLIV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,060 shares of the company’s stock, valued at approximately $48,000.

Belive Price Performance

BLIV opened at $2.19 on Friday. Belive has a 1 year low of $1.85 and a 1 year high of $4.32. The firm has a 50 day moving average price of $2.30 and a 200 day moving average price of $2.87.

Belive (NASDAQ:BLIV) last released its quarterly earnings results on Friday, May 15th. The company reported $0.18 earnings per share for the quarter. The company had revenue of ($137.43) million during the quarter.

Belive Company Profile

BeLive Holdings engages in the development of software and programming activities and provides consultancy services. The company offers technology solutions for live commerce and shoppable short videos. It offers services through BeLive White Label solution and a cloud-based BeLive software-as-a-service (SaaS) solution. The company was founded on June 18, 2014 and is headquartered in Singapore.