Ceconomy (OTCMKTS:MTTRY) Sees Significant Growth in Short Interest

Ceconomy (OTCMKTS:MTTRY) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,000 shares, a growth of ? from the June 30th total of 0 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 359,820 shares, the days-to-cover ratio is presently 0.0 days.

Ceconomy Price Performance

Shares of OTCMKTS:MTTRY traded down $0.03 on Wednesday, hitting $0.88. The company’s stock had a trading volume of 3,523 shares, compared to its average volume of 32,231. The company has a market capitalization of $2.14 billion, a PE ratio of -55.16 and a beta of 1.17. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47. The company 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.

Ceconomy (OTCMKTS:MTTRY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) EPS for the quarter. The business had revenue of $6.40 billion for the quarter. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.

About Ceconomy

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.