EVINE Live (NASDAQ:EVLV) has seen a shortfall of 285,944 shares or 10.2% in the short interest. The remaining shorts are 5.3% of the total floated shares. The net short interest, as on June 15,2016, stood at 2,523,221 shares and the stocks days to cover will be 10 by factoring in the average per day volume of 242,846 shares. On May 31,2016, 2,809,165 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
EVINE Live (NASDAQ:EVLV): The stock opened at $1.71 on Friday but the bulls could not build on the opening and the stock topped out at $1.71 for the day. The stock traded down to $1.47 during the day, due to lack of any buying support eventually closed down at $1.63 with a loss of -8.94% for the day. The stock had closed at $1.79 on the previous day. The total traded volume was 4,734,464 shares.
The company shares have dropped -39.85% from its 1 Year high price. On Oct 21, 2015, the shares registered one year high at $3.17 and the one year low was seen on Feb 23, 2016. The 50-Day Moving Average price is $1.45 and the 200 Day Moving Average price is recorded at $1.24.
EVINE Live (NASDAQ:EVLV) has tumbled 6.86% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 12.41% in the last four weeks. The stocks have underperformed the S&P 500 by 5.31% during the past week but EVINE Live (NASDAQ:EVLV) it has outperformed the index in 4 weeks by 15.82%.
EVINE Live Inc., formerly ValueVision Media, Inc. is a digital commerce company. The Company markets, sells and distributes products to consumers through television (TV), online, mobile and social media. The Company operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand name and private label products in the categories of jewelry and watches, home and consumer electronics, beauty, health and fitness, and fashion and accessories. It also operates evine.com, a digital commerce platform that sells products which appear on its television shopping network as well as an extended assortment of online-only merchandise. Its programming and products are also marketed through mobile devices, including smartphones and tablets, and through the social media channels.