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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 2,644 shares, a growth of 1,141.3% from the May 14th total of 213 shares. Based on an average trading volume of 5,521 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Stock Performance

Shares of OTCMKTS CEVMY traded down $0.70 during midday trading on Tuesday, reaching $14.84. 100 shares of the stock were exchanged, compared to its average volume of 1,905. CTS Eventim AG & Co. KGaA has a 52-week low of $12.87 and a 52-week high of $30.50. The stock has a 50 day moving average price of $15.80 and a 200-day moving average price of $19.57.

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.