Eventbrite, Inc. (NYSE:EB) Sees Large Increase in Short Interest

Eventbrite, Inc. (NYSE:EB) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,990,061 shares, a growth of 101.1% from the January 15th total of 1,984,102 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average daily volume of 1,580,325 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 1,580,325 shares, the short-interest ratio is currently 2.5 days. Approximately 5.3% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Eventbrite in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.40.

Hedge Funds Weigh In On Eventbrite

A number of institutional investors have recently added to or reduced their stakes in EB. Nierenberg Investment Management Company Inc. bought a new stake in shares of Eventbrite during the 3rd quarter valued at $29,000. Tableaux LLC bought a new stake in Eventbrite during the second quarter worth about $35,000. Schonfeld Strategic Advisors LLC purchased a new stake in Eventbrite in the third quarter worth about $36,000. BNP Paribas Financial Markets increased its stake in shares of Eventbrite by 103.0% during the third quarter. BNP Paribas Financial Markets now owns 14,807 shares of the company’s stock valued at $37,000 after purchasing an additional 7,512 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Eventbrite during the second quarter valued at approximately $42,000. Institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Performance

Eventbrite stock opened at $4.41 on Friday. Eventbrite has a fifty-two week low of $1.80 and a fifty-two week high of $4.48. The stock’s 50 day simple moving average is $4.44 and its two-hundred day simple moving average is $3.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $430.28 million, a price-to-earnings ratio of -36.71 and a beta of 1.39.

Eventbrite Company Profile

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.