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

Ceconomy AG (OTCMKTS:MTAGF) saw 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 trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Ceconomy Stock Performance

Shares of OTCMKTS:MTAGF opened at 3.11 on Friday. Ceconomy has a 12-month low of 3.11 and a 12-month high of 3.50. The company’s 50 day moving average price is 3.35 and its two-hundred day moving average price 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.