Short Interest in CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Drops By 96.3%

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 99 shares, a decrease of 96.3% from the May 31st total of 2,644 shares. Based on an average daily trading volume, of 4,339 shares, the short-interest ratio is currently 0.0 days.

CTS Eventim AG & Co. KGaA Price Performance

CEVMY opened at $14.27 on Friday. CTS Eventim AG & Co. KGaA has a 12-month low of $12.87 and a 12-month high of $30.50. The business’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $18.76.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, CTS Eventim AG & Co. KGaA currently has an average rating of “Moderate Buy”.

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.