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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 188 shares. Based on an average daily volume of 186 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

CTS Eventim AG & Co. KGaA Stock Performance

Shares of CEVMY stock traded up $0.52 during mid-day trading on Monday, reaching $15.50. 250 shares of the company’s stock traded hands, compared to its average volume of 1,492. The company’s 50-day moving average price is $16.26 and its 200-day moving average price is $16.12. CTS Eventim AG & Co. KGaA has a 12 month low of $12.87 and a 12 month high of $24.43.

CTS Eventim AG & Co. KGaA Company Profile

CTS Eventim AG & Co KGaA is a Germany-based provider of ticketing and live entertainment services. The company operates online and mobile ticketing platforms, advance booking offices and call centers, helping consumers purchase tickets for concerts, festivals, theater productions, sports events and other live experiences.

Through its Eventim brand and related services, CTS Eventim provides ticket distribution, venue box-office systems, customer relationship management and event marketing solutions to promoters, venues and cultural organizations.