Short Interest in Ceconomy (OTCMKTS:MTTRY) Rises By ∞

Ceconomy (OTCMKTS:MTTRY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 1,000 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 359,820 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Ceconomy Trading Down 2.4%

OTCMKTS:MTTRY traded down $0.02 during trading hours on Thursday, reaching $0.86. The company’s stock had a trading volume of 13,778 shares, compared to its average volume of 31,947. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -53.82 and a beta of 1.17. The firm has a 50-day simple moving average of $0.73 and a 200-day simple moving average of $0.86. Ceconomy has a 1 year low of $0.56 and a 1 year high of $4.71. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.47 and a current ratio of 0.93.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%.

Ceconomy Company Profile

Ceconomy AG is a Germany‐based consumer electronics retailer that operates under the MediaMarkt and Saturn banners. The company offers a broad range of products including computers, smartphones, home appliances, televisions, audio equipment and gaming consoles. In addition to in‐store retail, it provides e‐commerce solutions and related services such as installation, repair and customer support to meet evolving consumer preferences for omnichannel shopping. Ceconomy also engages in the sale of digital products and solutions, including software subscriptions, streaming services and connected home devices.

Formed in 2017 through a spin-off from the German wholesale and retail group METRO AG, Ceconomy inherited one of Europe’s largest consumer electronics footprints.