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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 213 shares, a drop of 41.6% from the April 30th total of 365 shares. Based on an average trading volume of 18 shares, the short-interest ratio is presently 11.8 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 Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CTS Eventim AG & Co. KGaA presently has a consensus rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Stock Down 0.2%

CEVMY opened at $18.17 on Tuesday. The stock’s 50 day moving average price is $16.04 and its two-hundred day moving average price is $19.80. CTS Eventim AG & Co. KGaA has a 12-month low of $12.87 and a 12-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.