CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Short Interest Update

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,644 shares, an increase of 1,141.3% from the May 14th total of 213 shares. Based on an average daily trading volume, of 5,521 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Stock Performance

CEVMY stock remained flat at $14.84 during mid-day trading on Thursday. 100 shares of the company’s stock were exchanged, compared to its average volume of 1,905. The stock has a 50-day moving average of $15.86 and a two-hundred day moving average of $19.45. CTS Eventim AG & Co. KGaA has a 52 week low of $12.87 and a 52 week high of $30.50.

About CTS Eventim AG & Co. KGaA

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.