Ceconomy AG (OTCMKTS:MTAGF – Get Free Report) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 17,931 shares, a drop of 47.8% from the February 12th total of 34,379 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.
Ceconomy Price Performance
OTCMKTS:MTAGF remained flat at $5.57 during mid-day trading on Friday. The company’s 50 day simple moving average is $5.57 and its two-hundred day simple moving average is $5.46. Ceconomy has a one year low of $4.86 and a one year high of $5.57.
About Ceconomy
Ceconomy AG operates as one of Europe’s largest consumer electronics retailers, offering a broad assortment of products that span televisions, audio equipment, smartphones, computers, household appliances and related accessories. Headquartered in Düsseldorf, Germany, the company manages two of the continent’s most recognized retail banners, MediaMarkt and Saturn, which cater to both private consumers and business customers through a mix of brick-and-mortar stores and online platforms.
The company’s services extend beyond product sales to include after-sales support, installation, repair and trade-in programs.
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