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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of 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 trading volume, of 1,821 shares, the days-to-cover ratio is presently 1.8 days.

Analysts Set New Price Targets

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

CTS Eventim AG & Co. KGaA Price Performance

CEVMY opened at $16.46 on Tuesday. CTS Eventim AG & Co. KGaA has a fifty-two week low of $12.87 and a fifty-two week high of $31.86. The company’s 50 day moving average price is $17.39 and its two-hundred day moving average price is $20.86.

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.