CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Short Interest Down 88.6% in April

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 365 shares, a drop of 88.6% from the April 15th total of 3,204 shares. Based on an average daily volume of 1,312 shares, the short-interest ratio is currently 0.3 days.

CTS Eventim AG & Co. KGaA Price Performance

Shares of CEVMY stock opened at $16.01 on Tuesday. CTS Eventim AG & Co. KGaA has a 52 week low of $12.87 and a 52 week high of $31.86. The firm has a 50 day moving average of $16.89 and a two-hundred day moving average of $20.46.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, CTS Eventim AG & Co. KGaA presently 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.