CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Short Interest Up 244.2% in March

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 413 shares, a growth of 244.2% from the February 26th total of 120 shares. Based on an average daily volume of 463 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 463 shares, the days-to-cover ratio is currently 0.9 days.

CTS Eventim AG & Co. KGaA Trading Down 5.7%

Shares of CTS Eventim AG & Co. KGaA stock opened at $18.20 on Wednesday. The stock has a 50 day moving average price of $20.25 and a 200-day moving average price of $22.36. CTS Eventim AG & Co. KGaA has a one year low of $18.20 and a one year high of $31.86.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.