Ticketplus Ltd. (NYSEAMERICAN:TP) Sees Large Drop in Short Interest

Ticketplus Ltd. (NYSEAMERICAN:TP) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 6,016 shares, a decrease of 39.0% from the August 15th total of 9,859 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 81,507 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Greenridge Global upgraded Ticketplus to a “strong-buy” rating in a research note on Monday, August 31st. Zacks Research upgraded Ticketplus to a “hold” rating in a research report on Tuesday, September 1st. 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 for the company. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.00.

Ticketplus Stock Up 0.1%

TP traded up $0.01 during trading on Thursday, hitting $8.36. 4,014 shares of the company traded hands, compared to its average volume of 56,574. Ticketplus has a 1 year low of $6.10 and a 1 year high of $12.14.

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.