Company shares are trading at $1.15 marginally over $1.07, the 50 day moving average and which is slightly above the 200 day moving average of $1.12. The 50 day moving average went up by +7.94% and the 200 day average went up $0.03 or +2.69%. (NASDAQ:EVLV) shares saw light trading volume with 6,101 shares changing hands on Tuesday. Volume was down 97.91% under the stocks average daily volume.
Traders are feeling more bullish on EVINE Live Inc. as implied by the decrease in short interest. The stock experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -51.06%. Short interest decreased from 412,454 to 201,856 over that timeframe. With short interest at 201,856 and short average daily volume at 201,078, days to cover is 1.0 and the short interest percentage is 0.00% as of September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Kcg Holdings, Inc. had bought a total of 5,340 shares growing its position 41.7%. The value of the investment in EVLV increased from $16,000 to $18,000 increasing 12.5% quarter over quarter. Two Sigma Advisers, Lp cut its ownership by selling 900 shares a decrease of 1.9%. Two Sigma Advisers, Lp owns 47,600 shares worth $48,000. The value of the position overall is down by 22.6%.
As of the end of the quarter Elk Creek Partners, LLC had disposed of 1,759,059 shares trimming its holdings by 85.1%. The value of the investment in EVINE Live Inc. went from $2,647,000 to $309,000 a change of $2,338,000 since the last quarter. As of quarter end Ubs Group Ag had sold 3,230 shares trimming its stake by 94.3%. The value of the total investment in EVINE Live Inc. decreased from $4,000 to $0 a change of 100.0% quarter to quarter.
On September 22, 2017 DA Davidson initiated coverage giving it an initial rating of “Buy”.
In the latest earnings report the EPS was $-0.11 and is estimated to be $-0.02 for the current year with 65,224,000 shares currently outstanding. Next quarter’s EPS is expected be $0.09 with next year’s EPS anticipated to be $0.08.
EVINE Live Inc., launched on June 25, 1990, is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. 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 products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories..