CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Short Interest Up 244.2% in March

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 413 shares, a growth of 244.2% from the February 26th total of 120 shares. Based on an average daily volume of 463 shares, the short-interest ratio is currently 0.9 days.

CTS Eventim AG & Co. KGaA Stock Performance

Shares of CEVMY opened at $19.28 on Friday. CTS Eventim AG & Co. KGaA has a 12 month low of $18.20 and a 12 month high of $31.86. The firm has a fifty day simple moving average of $20.10 and a 200 day simple moving average of $22.31.

Analyst Upgrades and Downgrades

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

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.