Short Interest in Ceconomy AG (OTCMKTS:MTAGF) Grows By 37.0%

Ceconomy AG (OTCMKTS:MTAGFGet Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 22,283 shares, a growth of 37.0% from the March 15th total of 16,265 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Ceconomy Price Performance

Shares of OTCMKTS MTAGF opened at $5.57 on Thursday. The business’s 50 day moving average is $5.57 and its two-hundred day moving average is $5.57. Ceconomy has a 52-week low of $4.86 and a 52-week high of $5.57.

About Ceconomy

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Ceconomy AG operates as one of Europe’s largest consumer electronics retailers, offering a broad assortment of products that span televisions, audio equipment, smartphones, computers, household appliances and related accessories. Headquartered in Düsseldorf, Germany, the company manages two of the continent’s most recognized retail banners, MediaMarkt and Saturn, which cater to both private consumers and business customers through a mix of brick-and-mortar stores and online platforms.

The company’s services extend beyond product sales to include after-sales support, installation, repair and trade-in programs.

Further Reading

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