Short Interest Update on Central European Media Enterprises Ltd. (CETV)

Central European Media Enterprises Ltd. (CETV) : The traders have covered their outstanding shorts in Central European Media Enterprises Ltd. (CETV) to the tune of -38,293 shares, a change of -0.5%. As on Jul 29, 2016, the outstanding shorts on the stock were 7,981,480 shares, however, by August 15, 2016, the shorts had reduced to 7,943,187 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 9.9% of the free float of the stock. It takes 77 days to cover the outstanding short positions. The stock has an average daily volume of 102,503 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Central European Media Enterprises Ltd. (NASDAQ:CETV): The stock opened at $2.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.39 for the day. The stock traded down to $2.35 during the day, due to lack of any buying support eventually closed down at $2.36 with a loss of -0.42% for the day. The stock had closed at $2.37 on the previous day. The total traded volume was 50,875 shares.


In a related news,The officer (EVP, General Counsel) of Central European Media Enterprises Ltd, Penn Daniel sold 10,925 shares at $2.27 on June 13, 2016. The Insider selling transaction had a total value worth of $24,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Central European Media Enterprises Ltd. is a media and entertainment company. The Company manages its business in six operating segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It broadcasts around 33 television channels, which include BTV CINEMA, BTV COMEDY, RING.BG, NOVA WORLD and MINI TV, ACASA, PRO CINEMA, SPORT.RO, MTV ROMANIA, PRO TV INTERNATIONAL, PRO TV CHISINAU and BTV LADY, among others. Its programs consist of news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming. Its entertainment television channels in each country are distributed on a free-to-air basis terrestrially in analog, digital or both, depending on the digitalization status in each country, and are also distributed via cable and satellite. It offers viewers the choice of watching television content through a series of portals, including through Voyo and catch-up services on its Websites.

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