Ceconomy AG (OTCMKTS:MTAGF) Sees Significant Growth in Short Interest

Ceconomy AG (OTCMKTS:MTAGF) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 272,500 shares, an increase of 28.6% from the October 31st total of 211,900 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Ceconomy Stock Performance

Ceconomy stock opened at 3.11 on Friday. Ceconomy has a twelve month low of 3.11 and a twelve month high of 3.50. The stock’s 50 day moving average is 3.35 and its 200 day moving average is 3.25.

Ceconomy Company Profile

Ceconomy AG, together with its subsidiaries, engages in the consumer electronics retail business. It operates stores under the MediaMarkt and Saturn brands. The company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.