Ceconomy AG (OTCMKTS:MTAGF) Short Interest Up 256.5% in June

Ceconomy AG (OTCMKTS:MTAGFGet Free Report) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 19,062 shares, a growth of 256.5% from the May 31st total of 5,347 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Ceconomy Price Performance

Shares of OTCMKTS MTAGF remained flat at $5.57 during trading on Monday. Ceconomy has a fifty-two week low of $4.86 and a fifty-two week high of $5.57. The firm’s fifty day moving average price is $5.57 and its 200 day moving average price is $5.57.

About Ceconomy

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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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