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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 500 shares, a growth of 25.0% from the August 15th total of 400 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf cut shares of CTS Eventim AG & Co. KGaA to a “neutral” rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Trading Down 7.1%

OTCMKTS:CEVMY opened at $23.33 on Friday. CTS Eventim AG & Co. KGaA has a one year low of $20.50 and a one year high of $31.86. The company has a fifty day moving average price of $28.45 and a 200 day moving average price of $29.11.

About CTS Eventim AG & Co. KGaA

CTS Eventim AG & Co KGaA operates in the leisure events market in Germany, Italy, the United States, Switzerland, Austria, the United Kingdom, Sweden, Finland, Spain, Brazil, Denmark, the Netherlands, and internationally. The company operates through two segments, Ticketing and Live Entertainment.