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

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,644 shares, a growth of 1,141.3% from the May 14th total of 213 shares. Based on an average daily volume of 5,521 shares, the short-interest ratio is presently 0.5 days.

CTS Eventim AG & Co. KGaA Stock Performance

OTCMKTS:CEVMY traded down $0.70 during mid-day trading on Tuesday, hitting $14.84. 100 shares of the company’s stock traded hands, compared to its average volume of 1,905. The firm’s 50 day simple moving average is $15.80 and its 200 day simple moving average is $19.57. CTS Eventim AG & Co. KGaA has a 1 year low of $12.87 and a 1 year high of $30.50.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research note on Wednesday, May 13th. One 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 company presently has an average 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.