Ceconomy AG (OTCMKTS:MTAGF – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 5,347 shares, a decrease of 62.6% from the May 14th total of 14,313 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.
Ceconomy Price Performance
Shares of Ceconomy stock remained flat at $5.57 on Friday. The company’s 50-day simple moving average is $5.57 and its 200 day simple moving average is $5.57. Ceconomy has a one year low of $4.86 and a one year high of $5.57.
Ceconomy Company Profile
Ceconomy AG operates as one of Europe’s largest consumer electronics retailers, offering a broad assortment of products that span televisions, audio equipment, smartphones, computers, household appliances and related accessories. Headquartered in Düsseldorf, Germany, the company manages two of the continent’s most recognized retail banners, MediaMarkt and Saturn, which cater to both private consumers and business customers through a mix of brick-and-mortar stores and online platforms.
The company’s services extend beyond product sales to include after-sales support, installation, repair and trade-in programs.
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