Short Interest in CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Increases By 361.6%

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 457 shares, a growth of 361.6% from the June 15th total of 99 shares. Based on an average trading volume of 532 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

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

CTS Eventim AG & Co. KGaA Price Performance

Shares of OTCMKTS CEVMY remained flat at $15.54 during trading on Monday. The stock had a trading volume of 165 shares, compared to its average volume of 1,689. The company has a 50 day simple moving average of $15.70 and a 200 day simple moving average of $18.13. CTS Eventim AG & Co. KGaA has a 1 year low of $12.87 and a 1 year high of $30.50.

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.