Vivid Seats Inc. (NASDAQ:SEATW) Sees Significant Drop in Short Interest

Vivid Seats Inc. (NASDAQ:SEATW) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 11,571 shares, a decrease of 48.8% from the May 31st total of 22,608 shares. Based on an average trading volume of 1,001 shares, the short-interest ratio is currently 11.6 days.

Vivid Seats Stock Down 12.5%

Shares of NASDAQ:SEATW traded down $0.01 during trading on Wednesday, hitting $0.04. The stock had a trading volume of 676 shares, compared to its average volume of 8,252. Vivid Seats has a 12 month low of $0.03 and a 12 month high of $0.20. The firm’s fifty day moving average is $0.06 and its 200 day moving average is $0.06.

Vivid Seats (NASDAQ:SEATW) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($1.05) by ($0.30). The company had revenue of $125.78 million during the quarter, compared to the consensus estimate of $124.55 million.

About Vivid Seats

Vivid Seats (NASDAQ:SEATW) operates a digital marketplace that connects fans with tickets to live events across sports, concerts and theater. Through its website and mobile applications, the company enables consumers to browse and purchase tickets from a broad inventory sourced from individual sellers, professional brokers and venue allocations. By offering a user-friendly interface and real-time seat maps, Vivid Seats aims to simplify the process of securing tickets to high-demand events in North America.

The platform provides a range of services designed to enhance the ticket-buying experience.