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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 213 shares, a decline of 41.6% from the April 30th total of 365 shares. Based on an average daily volume of 18 shares, the days-to-cover ratio is currently 11.8 days.

CTS Eventim AG & Co. KGaA Stock Performance

CEVMY opened at $17.12 on Wednesday. CTS Eventim AG & Co. KGaA has a 1 year low of $12.87 and a 1 year high of $31.86. The stock’s 50 day simple moving average is $16.04 and its 200-day simple moving average is $19.80.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CTS Eventim AG & Co. KGaA presently has a consensus rating of “Moderate Buy”.

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.