Ticketplus Ltd. (NYSEAMERICAN:TP – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 16,145 shares, an increase of 168.4% from the August 31st total of 6,016 shares. Based on an average daily volume of 30,212 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.
Ticketplus Trading Down 6.1%
TP stock traded down $0.49 during trading on Monday, reaching $7.51. 18,523 shares of the company were exchanged, compared to its average volume of 49,289. Ticketplus has a twelve month low of $6.10 and a twelve month high of $12.14.
Analyst Ratings Changes
A number of equities research analysts have weighed in on TP shares. Zacks Research raised Ticketplus to a “hold” rating in a report on Tuesday, September 1st. Greenridge Global upgraded Ticketplus to a “strong-buy” rating in a research report on Monday, August 31st. Finally, Roth Capital assumed coverage on Ticketplus in a research note on Monday, August 31st. They issued a “buy” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $14.00.
About Ticketplus
Ticketplus Ltd. is a technology company operates a proprietary, full-stack technology platform powering live entertainment. Ticketplus Ltd. is based in SANTIAGO, Chile.
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