Ceconomy AG (OTCMKTS:MTAGF) Short Interest Down 41.9% in July

Ceconomy AG (OTCMKTS:MTAGFGet Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 14,297 shares, a decrease of 41.9% from the July 15th total of 24,605 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Ceconomy Price Performance

Shares of OTCMKTS MTAGF opened at $5.57 on Wednesday. Ceconomy has a 12-month low of $4.47 and a 12-month high of $5.57. The stock’s 50 day simple moving average is $5.47 and its 200 day simple moving average is $5.54.

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.

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