Short Interest in CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Rises By 361.6%

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 457 shares, a growth of 361.6% from the June 15th total of 99 shares. Based on an average daily trading volume, of 532 shares, the days-to-cover ratio is currently 0.9 days.

CTS Eventim AG & Co. KGaA Stock Performance

Shares of CEVMY traded up $0.60 during trading hours on Friday, hitting $15.54. 165 shares of the company were exchanged, compared to its average volume of 1,689. The firm has a fifty day simple moving average of $15.70 and a 200-day simple moving average of $18.17. CTS Eventim AG & Co. KGaA has a one year low of $12.87 and a one year high of $30.50.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

About CTS Eventim AG & Co. KGaA

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.