CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Short Interest Up 1,141.3% in May

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a large growth in short interest in 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 days-to-cover ratio is currently 0.5 days.

CTS Eventim AG & Co. KGaA Price Performance

CEVMY opened at $14.84 on Wednesday. The company’s 50 day simple moving average is $15.82 and its two-hundred day simple moving average is $19.51. CTS Eventim AG & Co. KGaA has a 1-year low of $12.87 and a 1-year high of $30.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus 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.