Ceconomy AG (OTCMKTS:MTTRY) Short Interest Down 11.7% in August

Ceconomy AG (OTCMKTS:MTTRYGet Rating) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 5,300 shares, a drop of 11.7% from the August 15th total of 6,000 shares. Based on an average daily trading volume, of 18,800 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Exane BNP Paribas downgraded Ceconomy from an “outperform” rating to a “neutral” rating and set a €2.70 ($2.76) price objective on the stock. in a research report on Wednesday, July 20th.

Ceconomy Trading Down 7.5 %

Shares of MTTRY stock opened at $0.27 on Monday. The business’s fifty day moving average is $0.36 and its 200 day moving average is $0.56. Ceconomy has a 52-week low of $0.23 and a 52-week high of $0.98.

About Ceconomy

(Get Rating)

Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online. In addition, the company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.

Further Reading

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