Vivid Seats Inc. (NASDAQ:SEATW) Short Interest Update

Vivid Seats Inc. (NASDAQ:SEATW) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 11,571 shares, a decline of 48.8% from the May 31st total of 22,608 shares. Based on an average trading volume of 1,001 shares, the short-interest ratio is currently 11.6 days.

Vivid Seats Trading Down 12.5%

Shares of NASDAQ SEATW traded down $0.01 during midday trading on Thursday, reaching $0.04. The company had a trading volume of 4,250 shares, compared to its average volume of 8,182. The business’s 50-day simple moving average is $0.06 and its 200 day simple moving average is $0.06. Vivid Seats has a 1 year low of $0.03 and a 1 year high of $0.20.

Vivid Seats (NASDAQ:SEATW) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.05) by ($0.30). The firm had revenue of $125.78 million for the quarter, compared to analysts’ expectations of $124.55 million.

About Vivid Seats

Vivid Seats (NASDAQ:SEATW) operates a digital marketplace that connects fans with tickets to live events across sports, concerts and theater. Through its website and mobile applications, the company enables consumers to browse and purchase tickets from a broad inventory sourced from individual sellers, professional brokers and venue allocations. By offering a user-friendly interface and real-time seat maps, Vivid Seats aims to simplify the process of securing tickets to high-demand events in North America.

The platform provides a range of services designed to enhance the ticket-buying experience.