Short Interest To Observe: It Seems Central Europe Media Ent Class A (NASDAQ:CETV) Will Go Down. Just Reported More Shorted Shares

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest To Observe: It Seems Central Europe Media Ent Class A (NASDAQ:CETV) Will Go Down. Just Reported More Shorted Shares

The stock of Central Europe Media Ent Class A (NASDAQ:CETV) registered an increase of 0.57% in short interest. CETV’s total short interest was 7.57 million shares in November as published by FINRA. Its up 0.57% from 7.53M shares, reported previously. With 182,800 shares average volume, it will take short sellers 41 days to cover their CETV’s short positions. The short interest to Central Europe Media Ent Class A’s float is 12.21%. The stock decreased 1.85% or $0.05 during the last trading session, hitting $2.65. Central European Media Enterprises Ltd. (NASDAQ:CETV) has declined 4.68% since April 26, 2016 and is downtrending. It has underperformed by 9.94% the S&P500.

Central European Media Enterprises Ltd. is a media and entertainment firm operating in Central and Eastern Europe. The company has a market cap of $378.42 million. The Company’s assets are held through a series of Dutch and Curacao holding companies. It currently has negative earnings. The Firm manages its business on a geographical basis, with six divisions: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 1.08, from 2 in 2016Q1. The ratio worsened, as 3 funds sold all Central European Media Enterprises Ltd. shares owned while 15 reduced positions. 7 funds bought stakes while 29 increased positions. They now own 43.88 million shares or 2.96% more from 42.62 million shares in 2016Q1.
Axa holds 0% or 5,638 shares in its portfolio. Blackrock Inc last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage owns 2,954 shares or 0% of their US portfolio. Federated Inc Pa has 199,354 shares for 0% of their US portfolio. Tfs Ltd Com last reported 0.01% of its portfolio in the stock. Blackrock Fund Advisors owns 1.98M shares or 0% of their US portfolio. Bhr Cap Limited Liability Company has 2.16M shares for 4.53% of their US portfolio. Rhumbline Advisers accumulated 78,915 shares or 0% of the stock. Tiaa Cref Inv Management Ltd Liability Corp has 257,042 shares for 0% of their US portfolio. Blackrock Advsr Limited Liability Company has 24,474 shares for 0% of their US portfolio. Bank Of Montreal Can last reported 1,179 shares in the company. State Street Corporation has invested 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV). Legal And General Gp Plc holds 13,480 shares or 0% of its portfolio. Principal owns 15,840 shares or 0% of their US portfolio. Nomura accumulated 11,523 shares or 0% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 1 sale for $24,751 net activity. $24,751 worth of shares were sold by Penn Daniel on Monday, June 13. On Tuesday, May 31 TCS CAPITAL MANAGEMENT LLC bought $169,611 worth of the stock or 66,344 shares.

CETV Company Profile

Central European Media Enterprises Ltd. (CME Ltd.), incorporated on June 15, 1994, is a media and entertainment firm operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Firm manages its business on a geographical basis, with six divisions: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It has broadcast activities in over six countries in Central and Eastern Europe, broadcasting a total of approximately 40 television channels. The Firm enters into agreements with advertisers, advertising agencies and sponsors to place advertising on the television channels that the Company operates. The Firm collects fees from cable and direct-to-home (DTH) operators for carriage of its channels. It owns its broadcast operating and license companies in each country. The Firm offers viewers the choice of watching television content through a series of portals, including through Voyo, its subscription video-on-demand service, and catch-up services on its Websites. The programming that the Company provides consists of locally-produced news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming.

More recent Central European Media Enterprises Ltd. (NASDAQ:CETV) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Marketwatch.com published the news titled: “Central European Media Enterprises Ltd. Cl A” on September 10, 2009. Seekingalpha.com‘s news article titled: “Central European Media Enterprises’ (CETV) CEO Christoph Mainusch on Q3 2016 …” with publication date: October 25, 2016 was also an interesting one.

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By Ruchi Gupta


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