Short Interest in CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Rises By 361.6%

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 457 shares, a growth of 361.6% from the June 15th total of 99 shares. Based on an average trading volume of 532 shares, the short-interest ratio is currently 0.9 days.

CTS Eventim AG & Co. KGaA Trading Up 4.0%

Shares of OTCMKTS:CEVMY traded up $0.60 during trading on Friday, reaching $15.54. The company had a trading volume of 165 shares, compared to its average volume of 1,689. The firm’s fifty day moving average is $15.70 and its 200 day moving average is $18.17. CTS Eventim AG & Co. KGaA has a twelve month low of $12.87 and a twelve month high of $30.50.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Company Profile

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.