Short Interest in Belive Holdings (NASDAQ:BLIV) Rises By 120.1%

Belive Holdings (NASDAQ:BLIV) was the target of a large increase in short interest in the month of 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 trading volume, of 1,671 shares, the short-interest ratio is presently 1.3 days.

Belive Stock Down 8.6%

NASDAQ:BLIV traded down $0.21 during mid-day trading on Friday, hitting $2.19. 1,728 shares of the company’s stock were exchanged, compared to its average volume of 5,826. The company has a 50 day simple moving average of $2.30 and a 200-day simple moving average of $2.87. Belive has a fifty-two week low of $1.85 and a fifty-two week high of $4.32.

Belive (NASDAQ:BLIV) last posted its earnings results on Friday, May 15th. The company reported $0.18 EPS for the quarter. The business had revenue of ($137.43) million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Belive stock. Marex Group plc purchased a new position in shares of Belive Holdings (NASDAQ:BLIV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,060 shares of the company’s stock, valued at approximately $48,000.

About Belive

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.