CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Sees Significant Decrease in Short Interest

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 213 shares, a drop of 41.6% from the April 30th total of 365 shares. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is currently 11.8 days.

CTS Eventim AG & Co. KGaA Stock Down 0.2%

CEVMY opened at $18.17 on Tuesday. CTS Eventim AG & Co. KGaA has a fifty-two week low of $12.87 and a fifty-two week high of $31.86. The business has a 50-day moving average of $16.04 and a 200-day moving average of $19.80.

Analyst Ratings Changes

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

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.