Short Interest in CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Increases By 179.1%

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 120 shares, an increase of 179.1% from the February 12th total of 43 shares. Based on an average daily trading volume, of 81 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 81 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Price Performance

CTS Eventim AG & Co. KGaA stock opened at $20.00 on Friday. CTS Eventim AG & Co. KGaA has a 1-year low of $18.67 and a 1-year high of $31.86. The firm’s fifty day moving average price is $20.94 and its two-hundred day moving average price is $22.72.

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.