Short Interest in CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Expands By 213.8%

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,296 shares, a growth of 213.8% from the March 15th total of 413 shares. Based on an average daily volume of 414 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Stock Performance

CEVMY stock opened at $14.81 on Friday. CTS Eventim AG & Co. KGaA has a 52 week low of $12.87 and a 52 week high of $31.86. The company has a fifty day simple moving average of $18.35 and a two-hundred day simple moving average of $21.49.

CTS Eventim AG & Co. KGaA Company Profile

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.