Ticketplus Ltd. (NYSEAMERICAN:TP) Sees Significant Increase in Short Interest

Ticketplus Ltd. (NYSEAMERICAN:TP) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 16,145 shares, an increase of 168.4% from the August 31st total of 6,016 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 30,212 shares, the short-interest ratio is currently 0.5 days.

Ticketplus Stock Down 4.6%

NYSEAMERICAN:TP opened at $8.00 on Friday. Ticketplus has a fifty-two week low of $6.10 and a fifty-two week high of $12.14.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TP shares. Roth Capital started coverage on Ticketplus in a research report on Monday, August 31st. They set a “buy” rating and a $14.00 target price on the stock. Greenridge Global upgraded Ticketplus to a “strong-buy” rating in a report on Monday, August 31st. Finally, Zacks Research raised shares of Ticketplus to a “hold” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Ticketplus presently has an average rating of “Buy” and a consensus price target of $14.00.

Ticketplus Company Profile

Ticketplus Ltd. is a technology company operates a proprietary, full-stack technology platform powering live entertainment. Ticketplus Ltd. is based in SANTIAGO, Chile.