Short Interest in Ticketplus Ltd. (NYSEAMERICAN:TP) Drops By 39.0%

Ticketplus Ltd. (NYSEAMERICAN:TP) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 6,016 shares, a decrease of 39.0% from the August 15th total of 9,859 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 81,507 shares, the days-to-cover ratio is currently 0.1 days.

Ticketplus Stock Down 2.3%

TP traded down $0.20 during midday trading on Wednesday, reaching $8.19. The company’s stock had a trading volume of 3,049 shares, compared to its average volume of 56,320. Ticketplus has a twelve month low of $6.10 and a twelve month high of $12.14.

Analysts Set New Price Targets

TP has been the subject of a number of research reports. Roth Capital assumed coverage on Ticketplus in a research report on Monday, August 31st. They set a “buy” rating and a $14.00 price objective for the company. Zacks Research raised shares of Ticketplus to a “hold” rating in a research report on Tuesday, September 1st. Finally, Greenridge Global raised shares of Ticketplus to a “strong-buy” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $14.00.

Ticketplus Company Profile

Ticketplus Ltd. is a technology company operates a proprietary, full-stack technology platform powering live entertainment. Ticketplus Ltd. is based in SANTIAGO, Chile.