Ceconomy (OTCMKTS:MTTRY) Sees Significant Growth in Short Interest

Ceconomy (OTCMKTS:MTTRY) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,000 shares, a growth of ∞ from the June 30th total of 0 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 359,820 shares, the days-to-cover ratio is presently 0.0 days.

Ceconomy Price Performance

Shares of MTTRY stock traded down $0.03 during trading hours on Wednesday, hitting $0.88. 3,523 shares of the company’s stock were exchanged, compared to its average volume of 32,231. The company has a market capitalization of $2.14 billion, a PE ratio of -55.16 and a beta of 1.17. Ceconomy has a 12-month low of $0.56 and a 12-month high of $4.71. The business’s 50 day simple moving average is $0.73 and its 200-day simple moving average is $0.86. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $6.40 billion during the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%.

Ceconomy Company Profile

Ceconomy AG is a Germany‐based consumer electronics retailer that operates under the MediaMarkt and Saturn banners. The company offers a broad range of products including computers, smartphones, home appliances, televisions, audio equipment and gaming consoles. In addition to in‐store retail, it provides e‐commerce solutions and related services such as installation, repair and customer support to meet evolving consumer preferences for omnichannel shopping. Ceconomy also engages in the sale of digital products and solutions, including software subscriptions, streaming services and connected home devices.

Formed in 2017 through a spin-off from the German wholesale and retail group METRO AG, Ceconomy inherited one of Europe’s largest consumer electronics footprints.