Ceconomy AG (OTCMKTS:MTTRY) Short Interest Down 11.7% in August

Ceconomy AG (OTCMKTS:MTTRYGet Rating) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 5,300 shares, a drop of 11.7% from the August 15th total of 6,000 shares. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Exane BNP Paribas downgraded Ceconomy from an “outperform” rating to a “neutral” rating and set a €2.70 ($2.76) target price for the company. in a research note on Wednesday, July 20th.

Ceconomy Stock Performance

Shares of MTTRY stock opened at $0.27 on Monday. Ceconomy has a twelve month low of $0.23 and a twelve month high of $0.98. The stock’s fifty day simple moving average is $0.36 and its 200 day simple moving average is $0.56.

About Ceconomy

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Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online. In addition, the company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.

Further Reading

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