Eventbrite, Inc. (NYSE:EB) Short Interest Up 101.1% in January

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

Eventbrite Stock Down 0.1%

EB stock opened at $4.41 on Friday. The stock has a 50-day simple moving average of $4.44 and a two-hundred day simple moving average of $3.25. Eventbrite has a twelve month low of $1.80 and a twelve month high of $4.48. The firm has a market capitalization of $430.28 million, a PE ratio of -36.71 and a beta of 1.39. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Institutional Investors Weigh In On Eventbrite

A number of large investors have recently added to or reduced their stakes in EB. Nierenberg Investment Management Company Inc. purchased a new stake in Eventbrite in the third quarter worth approximately $29,000. Tableaux LLC purchased a new stake in shares of Eventbrite in the 2nd quarter valued at $35,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Eventbrite during the 3rd quarter valued at $36,000. BNP Paribas Financial Markets grew its holdings in shares of Eventbrite by 103.0% during the 3rd 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 during the last quarter. Finally, Captrust Financial Advisors purchased a new position in Eventbrite in the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Eventbrite in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Eventbrite presently has a consensus rating of “Hold” and an average target price of $4.40.

About Eventbrite

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.