Short Interest in CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Grows By 147.2%

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 3,204 shares, an increase of 147.2% from the March 31st total of 1,296 shares. Based on an average daily volume of 1,821 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Price Performance

CEVMY stock opened at $16.31 on Friday. The business’s fifty day moving average is $17.45 and its 200-day moving average is $20.95. CTS Eventim AG & Co. KGaA has a twelve month low of $12.87 and a twelve month high of $31.86.

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.