Vivid Seats Inc. (NASDAQ:SEATW) Short Interest Update

Vivid Seats Inc. (NASDAQ:SEATW) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 11,571 shares, a decline of 48.8% from the May 31st total of 22,608 shares. Based on an average daily trading volume, of 1,001 shares, the days-to-cover ratio is presently 11.6 days.

Vivid Seats Stock Down 12.7%

SEATW opened at $0.04 on Tuesday. Vivid Seats has a 12-month low of $0.03 and a 12-month high of $0.20. The business has a 50 day moving average of $0.06 and a 200-day moving average of $0.06.

Vivid Seats (NASDAQ:SEATW) last posted its earnings results on Tuesday, May 5th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.05) by ($0.30). The company had revenue of $125.78 million during the quarter, compared to analyst estimates of $124.55 million.

About Vivid Seats

Vivid Seats (NASDAQ:SEATW) operates a digital marketplace that connects fans with tickets to live events across sports, concerts and theater. Through its website and mobile applications, the company enables consumers to browse and purchase tickets from a broad inventory sourced from individual sellers, professional brokers and venue allocations. By offering a user-friendly interface and real-time seat maps, Vivid Seats aims to simplify the process of securing tickets to high-demand events in North America.

The platform provides a range of services designed to enhance the ticket-buying experience.