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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 457 shares, an increase 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 presently 0.9 days.

Analyst Ratings Changes

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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Stock Performance

Shares of CEVMY opened at $15.45 on Tuesday. The company’s 50-day moving average price is $15.69 and its 200 day moving average price is $18.08. CTS Eventim AG & Co. KGaA has a 12-month low of $12.87 and a 12-month high of $30.50.

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.