CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Sees Significant Increase in Short Interest

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 120 shares, a growth of 179.1% from the February 12th total of 43 shares. Based on an average daily volume of 81 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 81 shares, the short-interest ratio is presently 1.5 days.

CTS Eventim AG & Co. KGaA Stock Up 2.2%

Shares of OTCMKTS:CEVMY traded up $0.42 during trading on Wednesday, hitting $20.00. 500 shares of the company were exchanged, compared to its average volume of 646. CTS Eventim AG & Co. KGaA has a fifty-two week low of $18.67 and a fifty-two week high of $31.86. The firm has a fifty day moving average price of $21.08 and a two-hundred day moving average price of $22.76.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CTS Eventim AG & Co. KGaA presently has an average rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Company Profile

CTS Eventim AG & Co KGaA is a leading European provider of ticketing services and live entertainment. The company operates a range of online and on-site ticket sales channels, offering end-to-end solutions for event organizers, promoters and venues. Through its proprietary Eventim platform, CTS Eventim manages ticket distribution via websites, mobile apps, call centers and box offices, handling millions of transactions annually.

In addition to its core ticketing activities, CTS Eventim is active in live event promotion and venue management.